What is the objectives of a cooperative?

The objectives of a cooperative are to provide goods or services to its members at competitive prices, to maximize benefits for its members rather than generate profits for external shareholders, to promote economic participation and empowerment of its members, and to contribute to the overall development of the community or sector it operates in. Cooperatives aim to operate in a democratic and participatory manner, with decisions made collectively by members on a one-member, one-vote basis.