Social Entrepreneurship for Sustainable Economic Growth

Abstract

The purpose of this study is to explore the link between social entrepreneurship and economic growth. For nations' economic development there are several influencing factors that can be listed. Entrepreneurship has been an interest to academics and practitioners for a few decades and accepted as one of the important factors that are playing an essential role in advancing economic development. Social entrepreneurship (SE) is a new area of entrepreneurship, which focuses on creating social value initially for individuals. Thus, it is possible to say that social entrepreneurship should improve the wellbeing of individuals by generating social value. Hence, satisfying social needs embraces both social and economic aspects, which will also affect economic wellbeing in a positive manner. The argument of this research is social entrepreneurship is an important catalyzer of economic wellbeing and economic growth.