The Social Economy refers to a sector that combines social objectives with economic activities. It includes organizations like cooperatives, non-profits, and social enterprises that prioritize community well-being over profit maximization. These entities aim to address social issues while providing goods and services, often reinvesting their earnings back into the community.
This sector plays a crucial role in promoting sustainable development and social inclusion. By focusing on the needs of individuals and communities, the Social Economy fosters collaboration and innovation. It encourages participation from various stakeholders, including local governments, businesses, and citizens, to create a more equitable society.