ENTREPRENEURSHIP

Detailed explanation-1: -Social enterprises are businesses that put the interests of people and planet ahead of shareholder gain. These businesses are driven by a social/environmental mission and reinvest profits into creating positive social change.

Detailed explanation-2: -A social enterprise or social business is defined as a business with specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment, and the profits are principally used to fund social programs.

Detailed explanation-3: -“Social enterprises trade to tackle social problems, improve communities, people’s life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community. And so when they profit, society profits.”

Detailed explanation-4: -Like all businesses social enterprises seek to deliver profit by trading in goods or services, but they reinvest or donate at least half of those profits to their social or environmental mission.

Detailed explanation-5: -Trading Enterprises. Trading enterprises refer to cooperatives, collectives, and other organizations that are worker-or employee-owned. Financial Institutions. Community Organizations. Non-Governmental Organizations (NGOs) and Charities. 14-Dec-2022