What is a distinguishing feature of cooperative that it?

A distinguishing feature of a cooperative is that it is democratically controlled by its members. This means that each member has an equal say in the decision-making process, regardless of how much money they have invested in the cooperative or how much business they do with it. This democratic structure ensures that the cooperative is accountable to its members, and that it operates in their best interests.

Cooperatives are often formed by people who have shared goals and values. They may come together to provide themselves with goods or services that are not available from other sources, or to create a more sustainable and just economy. Cooperatives can be found in a wide variety of industries, including agriculture, housing, finance, and retail.

The cooperative model of business has a long and successful history. Cooperatives have played an important role in the development of many countries, and they continue to be a vital part of the global economy today.