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Economics

Study Notes

Social enterprises

Level:
A Level
Board:
Edexcel

Social enterprises have grown in importance for the British economy in recent years.

What are social enterprises?

  • A social enterprise is a business created to address a social problem
  • Profits are reinvested for one or more social purposes in the community, rather than the need to satisfy investors
  • In 2013, research found that there were 70,000 social enterprises in the UK contributing over £18bn to the economy and employing almost 1m people.
  • Examples include Jamie Oliver’s Fifteen restaurant chain and The Big Issue magazine

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