"Cooperative" refers to a type of organization or business model where individuals work together towards common goals. Members of a cooperative share resources, responsibilities, and benefits, promoting teamwork and mutual support. This structure can be found in various sectors, including agriculture, retail, and housing. In a cooperative, decision-making is often democratic, meaning each member has a say in how the organization operates. This approach fosters a sense of community and encourages participation, as members are invested in the success of the cooperative and its objectives. Examples include credit unions and food co-ops.