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7 Principles of Social Business

What is a social business?

A social business is a non-dividend business whose aim is to solve a social problem through business methods. It is different from both a traditional personal profit-making business and a not-for-profit organization.

All profits from the operation of the business must go toward achieving one or more social objectives in addition to covering the costs of the company. No personal gain is desired by its investors. A social business can address problems such as providing healthcare, housing, and financial services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, and much more in a business way.

Social Business as Explained by Prof. Muhammad Yunus

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