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- Role of a co operativeThe role of co-operatives includes the following aspects123:
- Co-ops are owned and controlled by their members, who can be customers, employees, residents, or suppliers.
- They operate based on shared principles and values.
- Co-operatives contribute to local communities by providing services and employment.
- They play a role in society, the economy, and international development.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Role of a co operativeA co-op is a business or organisation that’s owned and controlled by its members, to meet their shared needs. The members can be its customers, employees, residents or suppliers, who have a say in how the co-op is run. Every co-op across the world shares the same co-operative principles and values.www.uk.coop/understanding-co-ops/what-co-opRole of a co operativeCooperatives are autonomous associations of people aspiring to achieve their objectives through a jointly owned and democratically controlled enterprise. International organisations, such as the United Nations and the European Union (EU), value the role cooperatives play for society, the economy and (international) development.www.europarl.europa.eu/RegData/etudes/BRIE/20…Role of a co operativeCo-operatives are often rooted in their local community, providing a service that the community otherwise would not have, providing employment to local people, maintaining wage levels and keeping money in the local economy.www.uk.coop/start-new-co-op/start/benefits-co-op - People also ask
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