A cooperative business is an organization 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. Profits are typically distributed among members based on their participation rather than their investment. Cooperatives can be found in various sectors, including agriculture, retail, and housing. Examples include credit unions, which provide financial services to members, and food cooperatives, where consumers collectively purchase and sell food products. This model promotes collaboration and community involvement.