Which option correctly shows the main objective of social entrepreneurship?
Answer and explanation
Correct answer: Creating sustainable income while solving a social problem
Social entrepreneurship places a social or environmental problem at the centre of the venture and uses an economically viable model to address it. Earning sustainable income helps the solution continue and expand; it is not the same as depending only on charity. Serving a narrow wealthy group or removing employees does not define the concept.
Frequently asked questions
What is the correct answer to this question?
Creating sustainable income while solving a social problem
Why is this the correct answer?
Social entrepreneurship places a social or environmental problem at the centre of the venture and uses an economically viable model to address it. Earning sustainable income helps the solution continue and expand; it is not the same as depending only on charity. Serving a narrow wealthy group or removing employees does not define the concept.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Business Environment.
