Modern Economics (Dec 2019)
Crowdfunding as a Mechanism for Social Entrepreneurship Development
Abstract
The purpose of the article is to reveal the theoretical and methodological foundations and determine the role of crowdfunding in the development of social entrepreneurship on the basis of generalization of existing provisions of science. Features related to crowdfunding and the development of social entrepreneurship. The expediency of the complex assessment of the status of social entrepreneurship and its presentation as an innovative phenomenon has been methodically proved. The theoretical and methodical essence of crowdfunding is defined, and the principles of its use in the system of organization of financing of social projects are characterized. The composition and set of definitions of crowdfunding with methodical elaboration of the bases of their relation to components of the eponymous mechanism have been clarified. It is suggested to supplement definitions of categories and concepts on improvement of the teletho-methodological principles of crowdfunding in the development of social entrepreneurship. The continued socialization of business, which has been going on for many centuries, has led to the transformation of capitalist entrepreneurship into a socially oriented one, and parallel structures of a purely social nature have emerged. The necessity to distinguish social entrepreneurs in a separate set of typical functions by entities has been proved. It is appropriate that they are directly involved in socializing the economic system, enabling society to move towards a model of sustainable development. Knowledge of crowdfunding theory and practice in Ukraine is based mainly on foreign experience, but in the national dimension, this mechanism is perceived from the point of view of self-financing scheme by the community, by people of projects that can serve to solve socially significant problems.
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