Which of the following best defines social entrepreneurship?

The definition of social entrepreneurship revolves around the integration of business principles with a commitment to addressing social issues. It emphasizes creating a venture that not only aims to generate profit but also seeks to make a positive impact on society. The correct answer highlights this dual focus—by indicating that a social entrepreneur is one who creates a business that balances profit generation with social benefits.

This approach allows social entrepreneurs to innovate and sustain their initiatives, giving them the resources to tackle social problems effectively while ensuring their model is financially viable. The essence of social entrepreneurship lies in its ability to use market-driven solutions to improve communities and lives, making it distinct from purely profit-driven enterprises or traditional charitable organizations.

In contrast, the other options focus on business objectives either centered solely around profits, such as running a business with the primary aim of maximizing profits, or on non-commercial efforts like managing a nonprofit or starting a charity, which do not incorporate the profit-generating aspect that characterizes social entrepreneurship.