Social entrepreneurship is a business model that aims to address social, cultural, or environmental issues while generating profit. Unlike traditional entrepreneurs, who primarily focus on financial gain, social entrepreneurs prioritize creating positive change in society. They develop innovative solutions to problems such as poverty, education, and healthcare, often reinvesting their profits back into their mission.
These ventures can take various forms, including non-profits, for-profits, or hybrid models. Successful social entrepreneurs, like Muhammad Yunus, who founded Grameen Bank, demonstrate how business principles can be applied to social challenges. By combining social impact with sustainable practices, social entrepreneurship seeks to create a better world for everyone.