Economic solidarity refers to a system where individuals, communities, and institutions support one another financially and socially to promote shared well-being rather than only individual profit. It emphasizes cooperation over competition, encouraging fair distribution of resources, mutual aid, and community empowerment. Economic solidarity often appears in practices such as cooperatives, local trade networks, collective savings groups, and community investment initiatives. Its core belief is that economic systems should serve people, reduce inequality, and strengthen social bonds. By working together and sharing opportunities, communities can build resilience, create sustainable livelihoods, and ensure that growth benefits everyone, not just a few.