Lecture on Socialization of Capitalism

A collection of vocabulary flashcards derived from the lecture notes covering key terms related to the socialization of capitalism.

Fourth Sector

A sector consisting of private, social, and public elements focusing on societal impact alongside profit.

Social Enterprise

A model of business operation where profits are used to further social aims, often structured for operational flexibility.

Social License

The privilege of operating in society with minimal restrictions, based on ethics, values, and public trust.

Social Innovation

New solutions addressing economic, social, and environmental challenges, creating societal value over private gain.

Social Impact Investing

Financing initiatives that address social and environmental challenges while generating measurable societal benefits.

Sharing Economy

Peer-to-peer commerce that enables sharing of resources, providing new opportunities for consumers and providers.

Philanthrocapitalism

A new approach to capitalism merging business practices with social entrepreneurship for enhanced social outcomes.

Social Capital

The quality of relationships among stakeholders, characterized by trust, communication, and goodwill.

Sustainable Capitalism

Capitalism focused on producing sustainable products and services while improving profits and overall reputation.

Capitalism in the Future

A conceptual framework for various forms of capitalism focused on responsibility, inclusivity, and sustainability.