GENERAL KNOWLEDGE

Detailed explanation-1: -As we already know, a social enterprise can either be for-profit or not-for-profit. A charity, on the other hand, can only be a non-profit organization. From this perspective, all charities are social enterprises, but not all social enterprises are charities.

Detailed explanation-2: -Social enterprise is a way of describing a business with mainly social or environmental objectives. It might be a charity, or a private company. In a social enterprise, profits from the business are principally reinvested for social objectives, rather than being used to maximise owner or shareholder value.

Detailed explanation-3: -Whilst charities often fund their good work through donations and fundraising, social enterprises often sell products or services, in order to reinvest their profits.

Detailed explanation-4: -Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

Detailed explanation-5: -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.