How much do you know about social economy? Here are some amazing facts about it – have a read to see how many you have come across before and how many would be amazing to find out!


There are 2 million social economy enterprises in Europe, representing 10% of all businesses in the EU.

 

Social economy entities are mostly micro, small, and medium-sized enterprises.

 

An important and growing group of social economy enterprises are the social enterprises. Their main objective is to have a social, or environmental impact for the general interest.

 

Up to 160 million people in Europe are members of social economy enterprises.

 

Social economy enterprises and organisations are distinguished from capital-based companies by a set of specific shared values and characteristics:

  • The primacy of the individual and the social objective over capital
  • Democratic control by the membership
  • The combination of the interests of members, users, and general interest (society)
  • The defence and application of the principle of solidarity and responsibility
  • Reinvestment of the surplus to carry out sustainable development objectives, services of interest to members or of general interest
  • Voluntary and open membership
  • Autonomous management and independence from public authorities

There you have it, a list of amazing facts about social economy that may have amazed you. To keep up to date with more articles like this, don’t forget to subscribe to our newsletter!


Source:

Articles: European Commission and Social Economy Europe

Images: HKiedNews, Power NI, DronesFutureSkies, ThirdPersonBlog, and CPSA Learning Hub.

 

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