The Cooperative Society

A cooperative society is a member-owned organization that works together to meet common economic, social, or cultural needs. Members pool resources to create a business or service that benefits everyone, such as food co-ops or credit unions. Each member typically has an equal say in decision-making, promoting fairness and democracy. Profits are shared among members or reinvested to improve services. Cooperatives operate on principles of self-help, mutual assistance, and community involvement, emphasizing collaboration over competition. They aim to enhance members' quality of life while promoting sustainability and social responsibility.