Retail Co-operatives

• A cooperative is formed when entrepreneurs in the same industry get together and organize themselves.
• e. g. Co-op City
• Members contribute capital by buying shares.
• Members have anly one vote.
• Control is shared.
• Profit is not the main motive, so the price of the goods in the cooperatives is low.
• The members are paid dividends from the profits made by the co-op.
• Co-ops can be set up to sell anything that people need or want.
• Co-ops can be set up as sole traders or partnerships.