Social Economy

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What is the social economy?

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The social economy refers to the set of economic activities that prioritize social objectives over purely profit-driven motives, involving the production and exchange of goods and services that aim to address societal issues such as poverty, inequality, sustainability, and social inclusion.

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What types of organizations are included in the social economy?

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The social economy includes cooperatives, mutual societies, associations, foundations, social enterprises, and other organizations that operate with a focus on the collective well-being of individuals and communities.

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What is the main objective of organizations in the social economy?

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The main objective is not profit generation; the focus is on meeting societal needs.

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What is a key feature of governance in the social economy?

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Democratic governance, characterized by participatory decision-making, where members or stakeholders have a say in the governance of the organization.

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What type of impact do organizations in the social economy seek to achieve?

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Organizations in the social economy seek to contribute positively to society by tackling social, environmental, or community-based issues.