Cooperative business models are organizations owned and operated by a group of individuals for their mutual benefit. Members contribute to the cooperative and share in its profits, decision-making, and resources. This model promotes collaboration and community engagement, often focusing on local needs and sustainability. These businesses can take various forms, such as credit unions, food co-ops, or worker cooperatives. Each type emphasizes democratic governance, where every member has a say in operations, fostering a sense of ownership and responsibility. This approach can lead to more equitable economic outcomes and stronger community ties.