ELI5: Explain Like I'm 5

Social business

Okay kiddo, so you know how when you go to the store and buy something, the store gets money and you get what you bought? Well, a social business is kind of like that, but instead of just making money for the people who own the store, the social business also helps people in need.

So, imagine if the store sold things that were really good for the environment, or helped people who didn't have enough food or clean water. And instead of just making a lot of money for the store owners, the store used some of that money to keep helping the environment or giving food and clean water to people who needed it.

That's what a social business is - a business that tries to make a profit like any other business, but also wants to help people and do good things for the world. It's kind of like a superhero business!