solidarity-based economy

A solidarity-based economy is an economic system focused on cooperation, social well-being, and community rather than just profit. It promotes organizations like cooperatives and social enterprises that prioritize fair treatment, shared benefits, and sustainable development. Instead of competing to maximize profits for shareholders, these initiatives aim to meet the needs of their members and communities, fostering mutual support and social justice. This approach seeks to create an economy where people work together for collective well-being, balancing economic activity with ethical and social values.