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SOCIAL ENTREPRENEURSHIP EXAM 1 RATED A+

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SOCIAL ENTREPRENEURSHIP EXAM 1 RATED A+ What is social entrepreneurship? ️-creates social enterprises which is an organization that addresses a social problem, innovatively, using business methods What is social entrepreneurship? ️the application of business entrepreneur to the pursuit of...

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  • September 25, 2024
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  • 2024/2025
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  • SOCIAL ENTREPRENEURSHIP EXM 1 RATED A+
  • SOCIAL ENTREPRENEURSHIP EXM 1 RATED A+
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SOCIAL ENTREPRENEURSHIP EXAM 1 RATED A+
What is social entrepreneurship? ✔️-creates social enterprises which is an organization that addresses
a social problem, innovatively, using business methods



What is social entrepreneurship? ✔️the application of business entrepreneur to the pursuit of a social
and environmental missions



What is social entrepreneurship? ✔️address the gaps associated with social problems that traditional
businesses, governments, and nonprofits have not or cannot address



What are the three sectors that social entrepreneurs embody ✔️-Private sector- for profit businesses

-Public sector-government organizations

-Third sector/ Voluntary sector- nonprofits



Why become a social entrepreneur? ✔️-There are so many social problems that continue in society and
governments haven't been able to solve them



Types of social problems? ✔️-homelessness, hunger, illiteracy, lack of access to clean water,
environmental destruction/ pollution, human trafficking



What is market failure? ✔️-occurs when the free market produces an inefficient allocation of
goods/services



What are the three examples/ reasons for market failure? ✔️-Market power- monopolies; use their
power to block mutually beneficial trades



-externalities- a cost or benefit from using a product/ service that affects a party who did not choose to
incur that cost or benefit. Example: pollution



-public goods- A good that individuals cannot be excluded from using and where use by one individual
does not reduce availability to others. Example: National defense, clean air.

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