Industrial Cooperative

An industrial cooperative is a business organization owned and operated collectively by its members, who are typically workers or producers in a specific industry. Members pool their resources, skills, and efforts to produce goods or services, sharing the profits and decision-making responsibilities. This structure promotes mutual interests, economic stability, and improved bargaining power. Unlike traditional companies owned by shareholders, industrial cooperatives prioritize the needs of their members and the community, encouraging democratic management and equitable distribution of benefits. They foster collaboration, support local industry, and aim for sustainable growth through shared ownership and participation.