Social economy:
The social economy spans economic activity in the voluntary, social enterprise and community sectors. The economic activity, like any other sector, as: employment, the occupation of property, pensions, financial transactions, trading, etc.
The social economy generally develops because of a need to search new and innovative solutions to issues (whether they are socially, economically or environmentally based) and to satisfy the requirements of members and users which have been ignored or inadequately fulfilled by the public or private sectors.
By using solutions to get not-for-profit aims, it is usually believed that the social economy has a distinct and valuable role to play in helping make a strong, sustainable, inclusive society, prosperous.
Flourishing social economy organizations can play a very important role in helping deliver various governmental policy objectives by:
- helping to drive up competitiveness and productivity;
- contributing to socially comprehensive wealth creation;
- enabling individuals and communities to do work towards generating their local neighborhoods;
- showing new type to deliver public services; and
- helping to discover an inclusive society and active citizenship.