Social Entrepreneurship Impact on Sustainable Development

Abstract

The advancement of a nation relies on its social and economic robustness, along with the contributions of its populace. Their work holds significant importance presently, but it has only been acknowledged by authors outside conventional economic thought in recent times. As emphasis has intensified on the significance of entrepreneurship for economic stability and job development, increased focus has been directed towards the social enterprise sector. Consequently, the novel innovative culture has also permeated the social sphere. Entrepreneurship is typically associated with economic actions that prioritise profit maximisation while disregarding social advantages or society welfare. Social entrepreneurship has emerged as a significant catalyst for positive societal transformation. This analysis explores the function of social entrepreneurs in tackling urgent social and environmental challenges, emphasizing the significance of this innovative business model. Social entrepreneurship entails tackling complex societal challenges and confronting concerns such as unemployment, violence, substance addiction, poverty, and isolation. It promotes sustainable development that respects fundamental rights and maximises resource utilisation. This article is conceptual and examines the definition, characteristics, and significance of social entrepreneurship. Impact of social enterprise, Obligations and duties of social entrepreneurs to society.