A Co-operative Society is a type of organization owned and operated by a group of individuals who come together to meet their common economic, social, and cultural needs. Members contribute to the capital and share in the profits or benefits of the society based on their participation. This model promotes democratic decision-making, where each member typically has one vote, regardless of their investment size. Co-operative societies can be found in various sectors, including agriculture, retail, and housing. They aim to provide goods and services at fair prices while fostering community development. Examples include credit unions and food co-ops, which serve their members' interests directly.