Social Business for Social Challenges

Abstract

By making poor people owner of a business or enjoying the business by serving them with product or services without taking any personal profit is the concept of social business which stands on seven principles created by noble laureate Professor Dr. Muhammad Yunus. This study attempts to explore about social business and its possibility toward sustainable development. Usually, a social business idea came from to focus a social problem. By taking an aim to solve the social problem this business started working. Like general business, all the things are same except profit. As a poor or developing country like Bangladesh, the social business sector is very important. According to some research Bangladesh has lots of social problems. The goal of the study is to show how social business solves social challenges. To understand this study social business examples and idea have been added. This study will cover the concept of social business, social challenges related to Bangladesh. At the same time, this report will also cover to achieve sustainable economic development by solving these social challenges. I obtained the information from the individual website of social business and the time period is 2007 to 2016.