Social Entrepreneurship and Its Role in Sustainable Development: Regulation, Funding and Trust Building
Social Entrepreneurship and Its Role in Sustainable Development: Regulation, Funding and Trust Building

Summary/Abstract: This article focuses on the role of social entrepreneurship in achieving sustainable development in the context of regulation, funding and trust building. A system approach to the research was determined by the need to achieve the main objectives such as (1) to systematize theoretical approaches to the determination of the essence and characteristics of social entrepreneurship; (2) to discuss the EU experience in regulation and financing of social entrepreneurship; (3) to identify the directions of social change the generator of which is social entrepreneurship; (4) to prove the impact of trust on the development of social entrepreneurship. A critical analysis of legislative acts, scientific publications, reports and statistics in the field of social entrepreneurship allows proposing a “6S concept” for the analysis of the impact of social entrepreneurship through social challenges, social mission, social dialogue, social innovation, social changes, and sustainable development. Taking into account the variants of communicative interaction, the author argues that social entrepreneurship leads to changes in consciousness, public opinion, and behavior based on trust.

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