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Cooperatives are autonomous associations of individuals who voluntarily come together to meet their common economic, social, and cultural needs through a jointly owned and democratically controlled enterprise. The primary function of cooperatives is to pool resources and efforts of members to achieve economic benefits that would be difficult to attain individually. They function on principles of mutual assistance, self-help, and collective decision-making, ensuring that benefits are equitably shared among members. By focusing on the welfare of their members rather than maximizing profit, cooperatives address the needs of individuals who may otherwise be marginalized in conventional economic systems. One of the fundamental functions of cooperatives is economic support. They enable members to access credit, inputs, and markets that might otherwise be unavailable or expensive. For instance, agricultural cooperatives provide small farmers with access to seeds, fertilizers, and modern technology, while marketing their produce collectively to obtain ________ ___ ___ _________ _______.
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