Szövetkezetek

Szövetkezetek, often translated as cooperatives, are a form of business organization that is owned and run jointly by its members. Members are individuals who share a common need or interest and who come together to pool their resources to achieve a common economic or social goal. The fundamental principles of cooperatives include voluntary and open membership, democratic member control, member economic participation, and autonomy and independence. Profits are typically distributed among members based on their participation in the cooperative, rather than solely on their capital investment.

Cooperative societies can operate in a wide range of sectors, including agriculture, housing, finance (credit unions), retail, and worker cooperatives where employees are the owners. They play a significant role in many economies, particularly in providing services and opportunities for individuals and communities who might otherwise be underserved by traditional businesses. The legal framework for cooperatives varies by country, but the underlying ethos of collective ownership and democratic governance remains consistent. Szövetkezetek aim to benefit their members directly, fostering a sense of community and mutual support.