member economic participation

Member economic participation refers to the active involvement of members in sharing the financial benefits and responsibilities of an organization or cooperative. This means that members contribute resources, such as capital or labor, and in return, receive a share of the profits or benefits based on their contribution. It ensures that members have a stake in the organization’s success, fostering shared responsibility and accountability. Essentially, it aligns members’ interests with the organization’s growth, encouraging collaboration and equitable distribution of economic gains.