What is the new fourth sector of the economy?

The fourth sector of the economy refers to organizations that blend social, environmental, and economic goals, often described as "social enterprises." This sector seeks to create positive societal impact while also generating profit, distinguishing itself from the traditional three sectors: private, public, and nonprofit. It includes businesses that prioritize sustainability, community engagement, and ethical practices, aiming to address social challenges while being financially viable. As awareness of social responsibility grows, the fourth sector is gaining prominence in discussions about economic development.