Cooperatives are organizations owned and operated by a group of people who work together for a common goal. Members of a cooperative share the benefits and responsibilities, making decisions democratically. This means that each member has a say in how the cooperative is run, whether it’s a food co-op, a credit union, or a housing cooperative. These organizations often focus on meeting the needs of their members rather than maximizing profits. By pooling resources, members can access goods and services at lower costs. This collaborative approach fosters community spirit and helps support local economies, making cooperatives an important part of many communities.