Definition
The solidarity economy refers to a set of economic practices that seek to go beyond market-centred and competitive relations, and are based on principles such as cooperation, reciprocity, and social benefit.
Scope
It includes cooperatives, collective enterprises, community-supported production models, commons-based initiatives, and alternative financial practices. These forms prioritise social needs and equality rather than profit maximisation.
Distinction
It prioritises cooperation instead of competition.
It emphasises social benefit rather than profit.
It promotes more horizontal and democratic forms of organisation.
Historical example
From 19th-century cooperative movements to contemporary solidarity economy networks in Latin America.
Evaluation
It represents an attempt to develop alternative economic relations, though its interaction with the market creates limits and contradictions.