A cooperative (often called a ‘co-op’) is an organization owned and operated by its members, who typically share a common interest or goal. In a cooperative, each member has a say in decision-making, often following a ‘one member, one vote’ principle.
Conversely, Traditional corporations, have voting power and profit shares depend on the amount of capital or shares owned, co-ops emphasize equal voting rights and distribute profits based on use or membership rather than investment