A co-operative society is a

A co-operative society is a self-help business organization. It is owned, controlled, and managed by a group of individuals who come together voluntarily to achieve a common economic goal. Members of a co-operative society pool their resources together to start and run a business enterprise that benefits all members equally. The society is run democratically, with each member having an equal say in decision-making processes. The aim of a co-operative society is to improve the economic and social well-being of its members through mutual assistance and collaboration. The profits earned by the society are distributed equitably among the members, based on their level of participation and contribution to the society's success.