ELI5: Explain Like I'm 5

Worker cooperative

A worker cooperative is a kind of business where everyone who works there has an equal say in how it is run. Each worker gets a vote in making decisions, such as how much they get paid, how many hours they work, and what kinds of products they make. It's like a family, only where everyone gets equal opportunities and input. Everyone also gets an equal share of the profits, so everyone benefits when the business does well.