What type of cooperative is formed by a group of consumers working together to achieve common objectives?

A consumer cooperative is specifically established by a group of consumers who join forces to meet their shared needs and goals. These cooperatives typically focus on providing goods and services to their members at better prices or with improved quality. The essence of a consumer cooperative lies in its democratic structure, where members have a voice in decision-making and share in the cooperative's profits or savings, aligning with their collective interests as consumers.

This type of cooperative empowers individuals by giving them control over what they purchase and how their cooperative operates. Examples include grocery stores, buying clubs, and other entities that are owned and governed by the consumers themselves, highlighting their role in achieving mutual benefits such as savings on purchases or access to specific products.

In contrast, a retail cooperative might involve retail businesses banding together, a producer cooperative focuses on producers or suppliers working together for better output or marketing, and a worker cooperative is owned and operated by the employees, focusing on their interests rather than consumer needs.