JUNIOR CYCLE BUSINESS STUDIES FEATURES OF A CO-OPERATIVE
A co-operative is a business that is owned and run by a group of people to meet their common needs.
The group of people who own a co-operative are known as its members and the business is run for their benefit. Members usually have a close connection to the business as its producers, customers or employees. Every member has equal say (one vote each) and profits are shared with members according to their input.
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A co-operative is a business that is owned by its members and run for their benefit.
The members of a producer co-operative are the people who produce the raw materials that will become the products sold by the business. They may be farmers, fishers or craftspeople, for example.
These members can work together in a number of ways. For example, they may co-operate to buy equipment together, set up a factory or storehouse or hire people to sell their goods.
An example of a producer co-operative is the Irish Food Co-op. 228
