Asked by Roberta McGuire on May 07, 2024
Verified
_____ is a type of social venture capital whose purpose is typically economic development and job creation in impoverished areas.
A) Focused fund
B) Community fund
C) VC with a conscience
D) Philanthropy fund
Social Venture Capital
Investment funds allocated to startups and enterprises with the primary goal of generating social impact alongside financial returns.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved through targeted initiatives.
- Understand the concept of social venture capital and its implications for economic development and social impact.
Verified Answer
RF
ratila farah
May 11, 2024
Final Answer :
B
Explanation :
A community fund is a type of social venture capital that focuses on economic development and job creation in impoverished areas. These funds prioritize investing in local businesses and organizations to stimulate growth and improve the overall economic landscape of the community.
Learning Objectives
- Understand the concept of social venture capital and its implications for economic development and social impact.
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