What is the Social and Solidarity Economy ?

The Social and Solidarity Economy (SSE) is sometimes just known as the “solidarity economy” or the “economy for common good”.

The Social economy is also known as a third sector among economies between private business and public sectors (government). It includes organisations such as cooperatives, non-profit organizations, social enterprises, and charities.

A social enterprise is a revenue-generating business with primarily social objectives whose surpluses are reinvested for that purpose in the business or in the community, rather than being driven by the need to deliver profit to shareholders and owners.

Social enterprise applies an entrepreneurial approach to addressing social issues and creating positive community change.

« I’m encouraging young people to become social business entrepreneurs and contribute to the world, rather than just making money. Making money is no fun. Contributing to and changing the world is a lot more fun. » – Muhammad Yunus

SOCIAL ECONOMY ORGANISATIONS
ARE CONSIDERED TO BE THOSE THAT :

1

GIVE PRIORITY TO PEOPLE

Give priority to people over capital because capital is a mean and not an end.

2

AIM TO SERVE THEIR MEMBERS

Aim to serve their members or the community as a whole, instead of striving for financial profit alone

3

CATALYTIC ORGANIZATIONS

Are catalytic organizations for employment creation and/or self-employment

4

ARE NEITHER PRIVATE BUSINESSES NOR PUBLIC AGENCY

Are neither private businesses nor public agency

5

ARE NOT MARKET AND TRADING ORIENTED

Are not market and trading oriented

6

HAVE DEMOCRATIC GOVERNANCE

where decision making process involves users, workers and beneficiaries

7

PARTICIPATORY GOVERNANCE, SOLIDARITY, HUMAN RESOURCES, SUSTAINABILITY OF NATURAL RESOURCES

Are based on those principles.

8

USE PROFITS TO FURTHER

Use profits to further the social aims of the enterprise for sustainable development and for the common good