Social Business

Social business refers to a type of enterprise that aims to address social issues while being financially viable. Unlike traditional businesses that primarily seek profit, social businesses prioritize creating positive social change, such as reducing poverty, improving education, or promoting environmental sustainability. They generate revenue through selling goods or services, but reinvest profits back into their mission rather than distributing them to shareholders. This approach allows them to tackle societal challenges effectively while maintaining economic sustainability, bridging the gap between charity and traditional business models.