THE DEVELOPMENT OF SOCIAL ENTREPRENEURSHIP AS A TOOL FOR ECONOMIC PROGRESS

Cristian Piecu ()
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Cristian Piecu: University of Craiova, Romania

Contemporary Economy Journal, 2023, vol. 8, issue 3, 49-52

Abstract: This paper addresses the need to develop social entrepreneurship as a tool for economic progress, but also as a way to support community needs. Thus, social entrepreneurship comes to use economic mechanisms and profit-generating activities to support social causes. A social economy structure pursues several directions at the same time, one social and one economic, unlike a pure commercial enterprise, which has a single purpose. The aims of a social economy structure are not always in line, there are conflicts of purpose and a certain managerial dynamic. The levers needed to achieve this objective are primarily economic mechanisms, supported by better legislation, with the ultimate aim of facilitating the labour market integration of disadvantaged groups by providing the financial support needed to advise people on how to start a business. This is the only way to ensure the successful implementation of new businesses and their long-term continuity.

Keywords: social entrepreneurship; economic mechanisms; disadvantaged groups; labour market (search for similar items in EconPapers)
JEL-codes: B55 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:8:y:2023:i:3:p:49-52

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