A co-operative, often referred to as a co-op, is a type of organization owned and operated by a group of individuals for their mutual benefit. Members of a co-op typically share resources, profits, and decision-making responsibilities. This structure allows individuals to work together to achieve common goals, such as providing goods or services, while promoting democratic participation. Co-operatives can be found in various sectors, including agriculture, retail, and housing. For example, a food co-op allows members to purchase groceries at lower prices by buying in bulk and sharing costs. Overall, co-ops emphasize collaboration, community, and shared success.