Gemeinwohl-Ökonomie (Economy for the Common Good)

The Gemeinwohl-Ökonomie, or Economy for the Common Good, is an economic model that prioritizes social and environmental well-being over profit. It encourages businesses to measure their success not just by financial gain, but by their contributions to society, such as fair labor practices, sustainable resource use, and community engagement. This approach aims to create a more equitable economy where the focus is on enhancing the common good, benefiting all stakeholders rather than just shareholders. By fostering ethical business practices, it seeks to balance economic activity with societal and ecological responsibilities.