WHAT IS A COOPERATIVE?

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WHAT IS A COOPERATIVE?

A cooperative is an autonomous association of people that organize voluntarily to satisfy and improve their economic, social and cultural common needs, through a business that is owned as a group and that is controlled democratically, every partner could be the director at some point. The cooperative system is based on moral values, their word and commitment.  The cooperative is always looking how to serve better through the values of equality, justice, mutual aid, personal effort, honesty, social responsibility, democracy, and solidarity. The most important part of the cooperative is the human being.

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Wikipedia states:
A cooperative (also co-operative; often referred to as a co-op) is a business organization owned and operated by a group of individuals for their mutual benefit.[1] Cooperatives are defined by the International Cooperative Alliance’s Statement on the Cooperative Identity as autonomous associations of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through jointly owned and democratically controlled enterprises.[2] A cooperative may also be defined as a business owned and controlled equally by the people who use its services or by the people who work there. Cooperative enterprises are the focus of study in the field of cooperative economics.
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