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Solidarity economy or social and solidarity economy (SSE) refers to a wide range of economic activities that aim to prioritize social profitability instead of purely financial profits. A key feature that distinguishes solidarity economy entities from private and public enterprises is the participatory and democratic nature of governance in ...
The first Law of Social Economy in Europe was approved in Spain in early 2011. [6] By 2013, the social economy in Spain represented 12% of the Gross Domestic Product, with more than 44,500 businesses, more than 2,215,000 employees, impacting more than 16,528,000 associated people, and producing €150.978 million in gross sales. [7]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Nordic model (Social democrat economics of Nordic countries) Progressive utilization theory; Corporatism (economies based on tripartite negotiation between labor, capital, and the state) Social market economy, also known as Soziale Marktwirtschaft (Mixed capitalist) New Economic Policy (Mixed socialist)
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. [1] This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. [2]
A social enterprise is an operator in the social economy whose main objective is to have a social impact rather than make a profit for their owners or shareholders. It operates by providing goods and services for the market in an entrepreneurial and innovative fashion and uses its profits primarily to achieve social objectives.
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Social democracy has a strong, long-standing connection with trade unions and the broader labour movement. It is supportive of measures to foster greater democratic decision-making in the economic sphere, including co-determination, collective bargaining rights for workers, and expanding ownership to employees and other stakeholders. [7]