The social economy brings together businesses and organizations (co-operatives, non-profit organizations, associations, foundations, etc.) that seek to reconcile economic activity and social equity.
The social economy in 6 points
They have a social mission, that is, they ensure that the needs of their members of the community are met.
They are not under the decision-making control of one or more public bodies.
They provide for rules of democratic governance by members, within which the general principle is that one person = one vote.
They aspire to economic viability, which means that their activities are carried out in an entrepreneurial logic that their income is sufficient for their operation.
Management of generated surpluses
They provide for rules that prohibit or limit the distribution of surpluses generated by their economic activities (for example, a rebate in proportion to the operations carried out between the member and the company). Surpluses can be reinvested in the business in the community or kept in reserve for future expenses.
In the event of closure, the remainder of their property is transferred to an organization with similar objectives.