Cooperative institutions are organizations owned and operated by a group of individuals for their mutual benefit. Members come together to achieve common goals, such as improving economic conditions or accessing services. Examples include credit unions, food cooperatives, and housing cooperatives, where members share resources and decision-making. These institutions operate on principles of democracy, equality, and solidarity. Each member typically has an equal vote, regardless of their investment level. Profits are often reinvested into the cooperative or distributed among members, promoting a sense of community and shared responsibility.