5 MIN · Module

What is the social economy in Europe?

Co-operatives, mutuals, associations, foundations, and social enterprises, the EU's fastest-growing economic family.

Part of these courses

Starting a Community Co-operative· 8 credits to certificate

Not charity, not commerce

The social economy comprises organisations whose primary purpose is social impact, not maximising profit for shareholders. In the EU it accounts for around 8% of GDP and 13.6 million jobs. Four legal forms dominate: CO-OPERATIVES (members own jointly), MUTUALS (members share risk), ASSOCIATIONS (not-for-profit purpose), and FOUNDATIONS (asset-based). In 2021 the EU launched a Social Economy Action Plan to grow…

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