cooperatives movement

The cooperative movement involves groups of people coming together to collectively own and operate a business or service, such as a farmers' cooperative, credit union, or housing society. Members share resources, risks, and benefits, making decisions democratically. This approach aims to meet members’ common needs more effectively than individual efforts, promote economic participation, and foster community development. Cooperative enterprises are guided by principles of fairness, transparency, and mutual support, emphasizing that success benefits all members rather than maximizing profit for external shareholders.