Social Entrepreneurship And Economic Empowerment In Developing Societies

Abstract

Social entrepreneurship has emerged as a transformative mechanism for addressing structural inequalities in developing societies. By combining market based approaches with social missions, social enterprises generate sustainable income opportunities, foster community participation, and promote inclusive economic growth. This article examines the role of social entrepreneurship in advancing economic empowerment, particularly among marginalized populations, including women, youth, and rural communities. Drawing on theoretical perspectives such as social capital theory, institutional theory, and inclusive growth frameworks, the study outlines mechanisms through which social enterprises contribute to employment generation, skill development, financial inclusion, and local value creation. The article further identifies institutional constraints and policy interventions necessary to strengthen the ecosystem for social innovation in developing contexts. Empirical insights suggest that when supported by enabling regulatory frameworks and access to finance, social entrepreneurship significantly enhances economic resilience and social mobility.