1. To provide goods and services to members at fair and reasonable prices: Cooperatives are owned and controlled by their members, who share in the profits and losses of the business. This means that cooperatives can offer goods and services at lower prices than for-profit businesses, which must pay dividends to their shareholders.
2. To provide employment opportunities for members: Cooperatives can create jobs for their members, especially in areas where there is a lack of other employment opportunities. This can help to improve the economic well-being of members and their families.
3. To promote economic democracy: Cooperatives are democratic organizations, in which each member has an equal say in how the business is run. This gives members a greater voice in the decisions that affect their lives and communities.
4. To promote social welfare: Cooperatives can play a vital role in promoting social welfare by providing affordable goods and services, creating employment opportunities, and empowering members through participation in decision-making.
5. To promote education and training: Cooperatives can offer education and training programs for their members, which can help them to develop new skills and improve their job prospects.
6. To promote environmental sustainability: Cooperatives can adopt environmentally sustainable practices, such as using renewable energy and recycling, and they can also educate their members about environmental issues.
7. To promote international cooperation: Cooperatives can work together with other cooperatives in different countries to promote fair trade, sustainable development, and peace.