The Co-op/Self-help Economic System
Channel: Co-oppundit
Date: 31/12/2020

This video outlines the economic system required to operate successful co-ops and all other types of self-help enterprises. In commercial businesses, the economic system needs to facilitate profit maximisation but in self-help enterprises, they must use an economic system that enables the enterprise to achieve its purpose while optimising the use of the resources deployed in the process. The self-help system is designed to ensure that the enterprise achieves its purpose and at the same time supports the foundation practices that underpin this form of enterprise. It identifies the practices fundamental to the self-help economic system, which need to be inseparable from the way that the enterprise is run on a day-to-day basis.