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The Role of Social Entrepreneurship in Pakistan and its Impact on Economy

Mubeen Asif

,

Faisal Asghar

,

Amna Younis

,

Amir Mahmood

,

Li Zheng Wang

Mubeen Asif 1 ,

Faisal Asghar 2
Amna Younis 1 Amir Mahmood 4
Li Zheng Wang 5

  1. School of Public Affairs, University of Science and Technology of China, Hefei Anhui P.R.C, China 1

  2. Government College University of Faisalabad Pakistan and School of Management, University of Science and Technology of China, Hefei Anhui P.R.C, China 2

  3. Accounts officer, University of Agriculture Faisalabad Pakistan 4

  4. School of Management, University of Science and Technology of China, Hefei Anhui P.R.C, China 5

Pages: 117-127

DOI: 10.18488/journal.62.2018.55.117.127

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Article History:

Received: 08 June, 2018
Revised: 27 July, 2018
Accepted: 17 August, 2018
Published: 28 September, 2018


Abstract:

Social entrepreneurship is the fastest growing field in the world. Social entrepreneurship is a fundamental kind of enterprise that helps to boost the society along with the economy of any nation. Social entrepreneurship is gaining attention in Pakistan as well; however, the development is still moderate. It has gotten a progressive modification in Pakistan up to some extent, in term of innovation in the market, enhancing the social investment or trade, creating job opportunities and alleviation of poverty. Social entrepreneurship is crucial to open the growth and economic inclusion, for rising economies such as Pakistan. Economy and social models of Pakistan demands to revamp it. Therefore, the aim of this study is to investigate that what are the essential confronts and difficulties faced by social entrepreneurship in the limits of Pakistan and how social entrepreneurship could add in building up the economy of Pakistan?. Social business enterprise is a part of the social economy whereas social economy is a part of economic realism.
Contribution/ Originality
This study is one of very few studies which have investigated the role of social entrepreneurship and its impact on economy in the context of Pakistan.

Keywords:

Economy, Growth, Islamic Republic of Pakistan, Social entrepreneurship.

Reference:


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Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors contributed equally to the conception and design of the study.

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