Question

2. Discuss the potential impact of Social Entrepreneurship on poverty in general terms (in Western Washington)

Answer 1

Social entrepreneurs driven less by margins of profit and loss, and more by a philanthropic urge to better their neighborhoods, culture, or the planet as a whole emphasize assistance to disadvantaged, or otherwise oppressed societies. Social enterprises often start with a city- or region-focused project, but founders tend to be conscious of a global network. Among many others, social entrepreneurs are innovators in fields such as environmental conservation, healthcare, employment, and poverty alleviation.

When it comes to poverty alleviation, social entrepreneurship is important, because it focuses on solving the problem and not just optimizing income. Also without a commercial model , social programs strive to create the desired changes. They build and distribute principles instead of goods, and boost social welfare. By comparison, they are unable to guarantee financial sustainability. Income shortages will also cause them to start various types of partnerships. It is necessary to attract the right people, both workers and partners, in order not to lose sight of the initial intent in return for the financial support.