Social enterprise

Research output: Chapter in Book / Conference PaperChapter

Abstract

A social enterprise is a for-purpose business venture as opposed to a for-profit one. Sometimes referred to as a 'business with a social mission', a social enterprise normally invests financial net-gains into achieving social goals such as employment or training for disadvantaged people, poverty reduction, environmental clean-up and delivering community services, rather than enriching its owners. Social enterprises are accountable to the community that they serve; they vary in size and in scale and are classified as part of the social economy, where civic organizations earn revenues by trading as opposed to relying exclusively on grants and fundraising.
Original languageEnglish
Title of host publicationElgar Encyclopedia of Development
EditorsMatthew Clarke, Xinyu (Andy) Zhao
Place of PublicationU.K.
PublisherEdward Elgar Publishing
Pages548-552
Number of pages5
Publication statusPublished - 2023

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