SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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No difference, they are the same.
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Enterprise focuses on profits and Social Enterprise does not.
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Enterprise focuses on profits and Social Enterprise focuses on people, planet and profit.
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Enterprise can hire professionals while Social Enterprise cannot.
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Detailed explanation-1: -The difference between a standard enterprise and a social enterprise is what the enterprise does with its revenue. A social enterprise uses its revenue to contribute funding to positive change, such as climate control programs, medical programs and housing cooperatives.
Detailed explanation-2: -Saerin Cho: A nonprofit is an organization that is not conducting its activities primarily to make a profit, whereas a social enterprise is an enterprise providing social benefit and may be a nonprofit or a for-profit. The two circles can overlap for an organization that is both a nonprofit and a social enterprise.
Detailed explanation-3: -A business entrepreneurship defines wealth as dollars made through these actions. Money is the goal of the business. A social entrepreneurship values wealth accumulation and the profits generated by their company. However, a social entrepreneur sees money as just a tool to affect real change throughout the world.