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Cooperatives are business enterprises that are owned and run by a group of individuals working for mutual advantage. The International Co-operative Bijou defines them as an independent group of men and women who collectively own and democratically control an organization that will meet the social, cultural and financial needs that are shared by all members. Cooperatives are owned and operated by the individuals who work there or by those who make use of their services. These kinds of organizations are what the academic study of cooperative economics is all about.

Cooperation, the sharing of resources, and the business of labor for mutual return is nothing new to human beings, however cooperatives (also known as co-ops or co-operatives) go a step further by organizing all of the shared goals and efforts of its members and defining the enterprise itself. For example, when looking at cooperative history, Europe shows itself as the site of the first cooperatives to exist in the context of industry.

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