A Consumer Cooperative is a type of organization owned and operated by its members, who are also its customers. These cooperatives aim to meet the common needs of their members, such as purchasing goods or services at lower prices. Members typically have a say in the decision-making process and share in the profits, which are often distributed based on their purchases.
Consumer cooperatives can be found in various sectors, including food, housing, and retail. They promote community involvement and sustainability, often prioritizing local products and ethical practices. Examples include food co-ops and housing cooperatives, which provide affordable options for their members.