How Social Economy can add Value to State Development?

Abstract

The research aim of this study is “Social economy” execution to exhibit its effect on the growth of a country.
Although the social economy arises with the owing together of economic and the social factors, however, to
this point, the core object of social economy is considered the welfare of stakeholders instead of prot
earning. This paper grasps the concept of value maximization by “social economy” perspective, which
considers the integration of social and monetary advantages for state development through inputs in terms
of institutionalized reforms and identication of development opportunities. Such point of view can assist
with expanding the scope of our professional readiness and depiction subsequently, specically helping
professionals to comprehend the challenges associated to nation or societal economic prosperity.
Qualitative research method has been engaged to evaluate value of social economy for development and
social unity. This paper denes social economy in relation to third sector and argues that it must be seen as a
distinct type of social practice as well as being inter-related to social enterprise and social entrepreneurship
and thus having great impact on overall growth of a state. This paper nds that budgetary consideration of
public welfare that is connected to provision of health facilities, literacy and social inclusion practices will be
the source of amplied pressure triggering points for achieving the target of state growth.