Consumer’s Cooperative Law and Legal Definition

Consumer’s cooperative refers to a group that purchases consumer goods for selling it in retail to its members. Consumer cooperative system helps to reduce the cost of the goods by eliminating the middleman’s profit. The consumers of the goods that are sold by a consumer’s cooperative are often those individuals who have provided the capital required to launch a consumer’s cooperative. In some countries, consumers' cooperatives are known as cooperative retail societies or retail cooperatives. However, it should not be confused with retailers' cooperatives whose members are retailers rather than consumers.