What is the main purpose of a cooperative?

Answer 1

The main purpose of a cooperative is to meet the shared needs and interests of its members through collective action and mutual support. Cooperatives are typically formed to provide goods, services, or economic benefits that might be difficult for individuals to achieve alone. By pooling resources and decision-making, members can enhance their economic stability and improve their quality of life. Additionally, cooperatives often emphasize democratic governance, ensuring that each member has a voice in the operation and direction of the organization.