gazdaszövet

A gazdaszövet, which translates to "economic cooperative" in English, is a form of business organization in Hungary that operates based on cooperative principles. Similar to cooperatives found in other countries, gazdaszövetek are owned and controlled by their members, who are also typically users of the cooperative's services or products. The primary goal of a gazdaszövet is to serve the economic, social, and cultural needs of its members, rather than solely maximizing profit for external shareholders.

These cooperatives can be established in various sectors of the economy, including agriculture, retail, housing, and services. Members contribute capital to the cooperative and participate in decision-making, often through a democratic voting system where each member has an equal vote regardless of their capital contribution. Any profits generated are typically distributed among members in proportion to their participation or business dealings with the cooperative, or reinvested to further its objectives. Gazdaszövetek play a significant role in the Hungarian economic landscape, fostering collaboration and mutual support among individuals and businesses.