A "cooperative" is an organization or business that is owned and operated by a group of individuals for their mutual benefit. Members of a cooperative work together to achieve common goals, such as providing goods or services, sharing resources, or improving their economic situation. This model promotes collaboration and democratic decision-making, where each member typically has an equal vote in important matters. Cooperatives can be found in various sectors, including agriculture, retail, and housing. For example, a food cooperative allows members to purchase groceries at lower prices while supporting local farmers. By pooling resources, cooperatives can enhance their members' quality of life and foster community development.