Consumer cooperatives are businesses owned and operated by a group of consumers who come together to meet their common needs. Members of a consumer cooperative typically purchase goods or services at lower prices than they would find in traditional stores. Profits generated by the cooperative are often returned to members in the form of dividends or reinvested to improve services. These cooperatives can be found in various sectors, including food, housing, and retail. A well-known example is REI, a consumer cooperative that sells outdoor gear and shares its profits with members. By working together, consumers can gain more control over their purchasing power and support local economies.