Social economy: a driver to sustainability for a common good

Abstract

Social Economy goes beyond the economic paradigm by reconciling efficiency with social responsibility. It places the well-being of lifecycle of societies preservation, which means balancing the interests of all parties involved, reflected in the 2023 United Nations approval of a resolution encouraging the Social and Solidarity Economy for Sustainable Development. We assess the variables that Portugal has gathered to achieve this goal. Through the treatment of data that stand out in the Social Economy Satellite Account, we analysed the sustainability of the social economy as a common good. We seek to understand how it is possible to promote collective quality of life through this sector. Their contribution to individual well-being is of significant relevance. As inference, the SE in Portugal represents a decisive contribution to the social reality, redefining a success of equity. Its impact is positive, although it requires policy instruments to enhance its growing routine in the future.