Inclusive Business
Inclusive Business refers to business models that actively engage low-income communities as suppliers, distributors, or customers. This approach aims to create economic opportunities for marginalized groups while also generating profit for the business. By integrating these communities into their value chains, companies can foster sustainable development and reduce poverty.
The concept emphasizes collaboration between businesses and local communities, ensuring that everyone benefits from economic growth. Initiatives may include providing affordable products or services, creating jobs, and offering training programs. Ultimately, Inclusive Business seeks to balance social impact with financial success, contributing to a more equitable economy.