Tag: consumer co-ops

Cooperatives, or co-ops, are a significant part of the global economy, employing 280 million people and handling over $2 trillion annually. Co-ops are jointly owned by their members, who can be consumers, producers, or workers, and are controlled democratically. Studies show that co-op start-ups are less likely to close within five years compared to traditional businesses, and co-op workers tend to be happier with their jobs.