Social Entrepreneurship for Sustainable Economic Development: A Need to Increase Workforce Participation

Abstract

Economy downturn has become the trend of the society. The stability is the base of growth and prosperity. The culture whose people enjoy the security of necessities prospers. The prosperity of the market and its sustainability for the long term needs financial
stability of the people of the society. This paper focuses on the need of sustainable economic development for the world economy.
The harms of sustainable competitive advantage have been discussed further. It shows how the traditional business practices leads
to the harassment of human capital on such a large scale. It further discusses the importance of social entrepreneurship in bringing
the transformation of economy towards sustainable economic development. Special emphasis is given on for-profit social ventures
to bring out the charm in such enterprises for long term growth and prosperity.