Research Information System
4th Annual EuroMed Conference of the EuroMed-Academy-of-Business, Elounda, Greece, 20 - 21 October 2011, pp.593-602
New models and management approaches are being searched in today's economic world where the borders are removed and people are trying to live with economic crises. Neither governments nor private sectors are being able to control the markets. Economic and social problems are growing rapidly and the countries are going bankrupt like businesses. Under these circumstances third sector foundations are giving opportunity to market failures and looking for solutions by social entrepreneurship. In this paper reasons for the market failures have been discussed and third sector and social entrepreneurship are offered as a solution for today's economic problems.