The Social and Economic Impact of Social Entrepreneurship in the Republic of Moldova

Abstract

Social entrepreneurship represents an innovative and dynamic strategy for economic and social development, increasingly recognized as an effective tool to address current societal challenges. This concept integrates economic and social objectives into a sustainable business model, where success is not solely defined by financial performance but also by its positive impact on communities and the environment. The paper analyzes the social and economic effects of social entrepreneurship in the Republic of Moldova, emphasizing its capacity to provide solutions to major issues such as migration, poverty, exclusion, environmental degradation, and unemployment among vulnerable groups. Despite the positive outcomes, the development of this sector faces significant challenges, including limited financial access, lack of awareness, and inadequate legislative frameworks. The authors highlight the necessity of a systemic approach involving public institutions, private actors, and NGOs to ensure the sustainability of social businesses and promote inclusive development. UDC: 316.42:334.72(478); JEL: L31, O35, M14, J24, I38