Socialbusiness refers to exchange of knowledge, experience, and ideas for the
betterment of economics and also responsibility for the society.
Socialbusiness deals with two concepts action
based research and conceptual based
research.
Action
based research deals with sort out the problems and issues which are associated
with the major issue and take necessary action to resolve these problems which
are associated with that major issue. According to the conceptual bases
research, researcher try to clarify the problem associated with a major issue
and designed a study to solve those problems. Social business is a non loss and
non-dividend idea which are designed to identify social objective within the
highly regulated marketplace. The idea of social business is generated by Nobel
peace prize winner Prof. Muhammad Yunus.
This concept is highly related with the Social Enterprise. The main objective
of Social Business is to reduction of poverty. Prof. Muhammad Yunus create this
idea also for economic sustainability as well as environmentally conscious. He
also create this idea for the workforce which gets market wages with better
working condition.
