Question
Differentiate between social entrepreneurship and entrepreneurship.

Answer

  1. The entrepreneur’s final objective is wealth creation but for the social entrepreneur, wealth creation is simply a means to an end.
  2. The entrepreneur participates in entrepreneurial venture with the aim of earning profit. On the other hand, the social entrepreneur participates in profit seeking business ventures if only to use the profits generated to create valuable social programs for the whole community.
  3. Entrepreneur has individual motive of self-development whereas social entrepreneur has the motive of societal development.

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