Theories of cooperative economics

Theories of cooperative economics focus on economic systems where resources, enterprises, and benefits are shared collectively rather than owned solely by individuals or corporations. This approach emphasizes cooperation, community involvement, and equitable distribution, aiming to reduce inequality and promote social well-being. It includes concepts like cooperative businesses where members manage and benefit from the enterprise, and the idea that economic activity should serve the common good, rather than solely maximizing profits. Overall, cooperative economics advocates for a balanced, participatory approach to economic organization that supports social sustainability and fairness.