A Cooperative Society is a group of individuals who come together to meet their common economic, social, and cultural needs. Members pool their resources to create a business that benefits everyone involved. This type of organization operates on the principle of mutual help, where profits are shared among members based on their participation rather than their investment. In a cooperative, each member has a say in decision-making, promoting democratic governance. Examples of cooperative societies include credit unions, food co-ops, and housing cooperatives. These organizations empower individuals by giving them control over their economic activities and fostering a sense of community.