The cooperative sector is a form of business organization in which the members own and democratically control the enterprise.

Key Characteristics of Cooperative Sector Industry:

• Ownership and Control: Ownership and control of the enterprise rests with the members, who have an equal say in how the business is run.

• Member Participation: Members are actively involved in the decision-making process and the operation of the business.

• Profit Distribution: Profits are distributed among the members based on their patronage or participation in the business.

• Social Responsibility: Cooperatives are committed to social responsibility and ethical business practices.