The project is co-funded by EU through the Interreg-IPA CBC Bulgaria–Serbia Programme.
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05.05.2020 20:18

Economic and social effects of business

If the term used to indicate the importance of bottom-line performance is used as a benchmark to measure the success of an enterprise, to indicate the results expected of social entrepreneurship, the terms double or tripplebottom line . It is about emphasizing the importance of measuring, that is, realizing effects not only in economic terms, but also in social and environmental sense. More specifically, these syntagms denote the following:[2] • Double Bottom Line - achieving financial results and impact on society (social impact) i • Tripple Bottom Line - realization of financial result and social impact, but also environmental impact; This triple effect is also known as the 3P concept: People, Profit, Planet, or - People, Profit, Planet. [3]