ENTREPRENEURSHIP

Detailed explanation-1: -Social enterprises are not for personal profit organisations that derive the majority of their income from grants and donations. Social enterprises are for personal profit but have a social mission.

Detailed explanation-2: -Some social enterprises operate as nonprofits; others are for-profits. They can make money, but the key is that they pursue a social mission rather than focusing solely on profit.

Detailed explanation-3: -The biggest difference between a for-profit business and a social enterprise is motivation. The social entrepreneur is motivated by purpose over profit. A social enterprise can still be profitable, but the purpose or positive impact is the primary motivation.

Detailed explanation-4: -Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures.

Detailed explanation-5: -Simply put, entrepreneurship becomes a social endeavor when it transforms social capital in a way that affects society positively.