What is is the role of cooperative sectors in the business?

Cooperative sectors play a vital role in the business landscape by promoting collective ownership and democratic decision-making among members. They empower individuals, often in marginalized communities, to access resources, share risks, and enhance bargaining power in markets. By prioritizing member needs over profit maximization, cooperatives contribute to economic stability and community development. Additionally, they foster sustainable practices and local economies, reinforcing social cohesion and resilience.