What is the primary focus of social entrepreneurship within CED?

Social entrepreneurship within Community Economic Development (CED) primarily emphasizes the creation of social value alongside economic sustainability. This approach seeks to address social issues and community needs while also ensuring that the ventures can sustain themselves financially.

The essence of social entrepreneurship is to merge business acumen with a mission-driven agenda; it aims to produce goods or services that directly benefit society, whether through job creation, addressing public health challenges, providing education, or fostering community engagement. This balance is crucial because financial sustainability allows these ventures to continue and grow, enabling them to amplify their social impact over time.

In contrast, the other options do not capture the dual focus on social impact and economic viability that characterizes social entrepreneurship. Creating profitable businesses alone tends to prioritize financial gain, overlooking social responsibilities. Developing luxury goods targets a niche market and does not inherently contribute to wider social goals. Finally, emphasizing governmental partnerships solely neglects the multifaceted collaboration that social entrepreneurs may engage in with various stakeholders, including businesses, non-profits, and community groups. Thus, focusing on creating social value and economic sustainability truly captures the essence of social entrepreneurship within CED.