Cooperative Ownership

According to Nembhard, a cooperative is a company founded by individuals who band together to address a certain need (107). He explains that cooperatives boost low-income earners' income by cutting the cost of necessities such as housing, food, and energy. This technique is realized through cooperative fundamental principles such as democratic involvement, community capital control, cooperative cooperation, and autonomy.


Consumer cooperatives


are created for the benefit of customers of a certain commodity, whereas housing cooperatives offer members with dwelling. Worker cooperatives acquire and operate enterprises by combining member equity and financing (Nembhard 109). Their closeness to the community and democratic governance enables cooperative development hence quality asset building and wealth creation.


The existence of cooperatives


is, however, less prevalent. This can be accredited to a number of challenges. Iuviene, et. al. explains that a cooperative should admit the challenge of recruiting skilled managers and creating clear proportional pathways of worker-owners into leadership (16).


According to Gute, et. al.


in his study on the vida verde women cooperative points that "A high point was an invitation from the Danish government in April 2008 to share information on the launch of the co-op" (497). This publicity of cooperatives and skilled leadership would help solve the various challenges faced by cooperatives.


In Сonclusion


cooperatives are major asset building institutions in a growing community. Its growth is limited due to challenges they face. Proper leadership and education are essential for their success.


Works Cited


Nembhard, Jessica Gordon. "Community-Based Asset Building and Community Wealth." The Review of Black Political Economy 41.2 (2014): 101-117.


Iuviene, Nicholas, Amy Stitely, and Lorlene Hoyt. "Sustainable economic democracy: Worker cooperatives for the 21st century." A publication series produced by the MIT Community Innovators Lab with support from the Barr Foundation (2010).


Gute, David M., et al. "The Vida Verde Women's Co-Op: Brazilian immigrants organizing to promote environmental and social justice." American journal of public health 99.S3 (2009): S495-S498.

Deadline is approaching?

Wait no more. Let us write you an essay from scratch

Receive Paper In 3 Hours
Calculate the Price
275 words
First order 15%
Total Price:
$38.07 $38.07
Calculating ellipsis
Hire an expert
This discount is valid only for orders of new customer and with the total more than 25$
This sample could have been used by your fellow student... Get your own unique essay on any topic and submit it by the deadline.

Find Out the Cost of Your Paper

Get Price