What is an an organization owned and controlled by its members who work together for a common goal?

An organization owned and controlled by its members who work together for a common goal is typically referred to as a cooperative or co-op. In this structure, each member has a say in decision-making, and profits or benefits are distributed among members based on their contributions or usage rather than on capital investment. Co-ops can be found in various sectors, including agriculture, retail, and housing, and they emphasize collaboration, shared responsibility, and community benefit.