industrial cooperatives

Industrial cooperatives are organizations owned and managed by workers or small producers who collaborate to share resources, reduce costs, and improve their market presence. They operate democratically, with members having a say in decision-making, and profits are usually shared among members. These cooperatives help small businesses or workers compete more effectively against larger corporations by pooling efforts, equipment, and knowledge. They promote economic sustainability and empowerment by fostering collective ownership, reducing individual risks, and supporting community development. Examples include worker cooperatives in manufacturing or agricultural cooperatives where farmers jointly process and market their products.