Social enterprises and sustainable development

Abstract

Sustainable development can be defined as a development that satisfies needs of the present without threatening capabilities of future generations to satisfy their needs. Such development proposes reduction of poverty and improvement of the quality of life. In this respect, sustainable development proposes economical, ecological, political and cultural sustainability. Social business is irreplaceable from the sustainable development concept. , "Sustainable'' in this case refers to something that can last without imposing big costs and negative externalities. It is necessary to have a stable source of physical, financial, human, material and non-material resources, in order to sustainably develop the economy. Social companies are nonprofit organizations. However, social companies can realize profit which is not the primary aim of business and cannot be shared, but used for the development and improvement of business activities.

Keywords

• sustainable development
• social companies
• entrepreneurship
• employment