Question

Individuals who focus on developing solutions that benefit the society are called ______ entrepreneurs.

• A. First generation
• B. I.T.
• C. Social
• D. Family

Hint:

Social entrepreneurship is often defined by the “Triple Bottom Line” concept: focusing on People, Planet, and Profit, rather than just profit alone.

Answer 1

The Correct Option is C

Step 1: Analyzing Types of Entrepreneurship:
Entrepreneurship is classified based on motivation, industry, and the primary objective of the venture. While traditional entrepreneurs mainly seek personal wealth and commercial expansion, other models focus on societal improvement.

Step 2: Defining the Target Concepts:
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• Social Entrepreneurs: Individuals who construct innovative business structures to solve social, cultural, or ecological problems. Their primary yardstick of success is the social impact rather than pure commercial profit.
• First-generation Entrepreneurs: Those who start a business based on their own ideas without any inherited family background in business.
• IT Entrepreneurs: Focus specifically on technology-driven software or hardware innovations.
• Family Entrepreneurs: Individuals running inherited traditional family corporate enterprises.

Step 3: Conclusion:
Because the question focuses on “solutions that benefit society,” it aligns perfectly with the definition of Social Entrepreneurship. Thus, Option (C) is correct.