Social Entrepreneurship for Local Change Glossary
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This is a glossary for students of the integrated online course, Social Entrepreneurship for Local Change. The goal here is to help students of a diversity of backgrounds and disciplines understand language of Social Entrepreneurship.
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- Commercial Activity
- Activity aimed at creative value. A Social venture will derive a significant portion (more than 50%) from selling goods and services
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- Social Enterprise
- Social enterprises are businesses that trade in the market for a social purpose. It is broadly accepted that social enterprises have three common characteristics: Explicit social aims, commercial activity, and social ownership.