Cooperative societies are organizations formed by individuals who come together to meet their common economic, social, and cultural needs. Members contribute to the society and share in its profits, making decisions democratically. These societies can focus on various sectors, such as agriculture, housing, or retail, and aim to improve the members' quality of life. Members of a cooperative society typically have equal voting rights, regardless of their investment size. This structure promotes collaboration and mutual support among members. Examples of cooperative societies include credit unions, food co-ops, and housing cooperatives, which all emphasize community and shared benefits.