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ISSN 2063-5346
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THE ROLE OF SOCIAL ENTREPRENEURSHIP IN STIMULATING INNOVATION AND ECONOMIC GROWTH

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Dr. M. Abirami, Dr. R. Sofia, Dr. Byram Anand, Prof. Perumalla Varalaxmi, Dr. Pushpa Mamoria
» doi: 10.48047/ecb/2023.12.si8.262

Abstract

This review research paper aims to explore the role of social entrepreneurship in stimulating innovation and driving economic growth. It investigates how social entrepreneurs contribute to the development and implementation of innovative solutions that address societal challenges while simultaneously fostering economic progress. The study builds upon existing literature on social entrepreneurship, innovation, and economic growth. It draws upon theoretical frameworks such as the social innovation theory and the entrepreneurial ecosystem approach to analyze the mechanisms through which social entrepreneurs drive innovation and contribute to economic growth. A systematic review of relevant academic articles, reports, and case studies was conducted to gather and analyze empirical evidence on the role of social entrepreneurship in stimulating innovation and economic growth. The review integrates findings from diverse disciplines, including entrepreneurship, social sciences, and economics, to provide a comprehensive understanding of the topic

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