Development of Social Economy and Its Impact on Society in the Period of Covid-19

Abstract

This article sums up knowledge on social economy development seen from the point of view of international and Slovak documents from its establishment until now. A part of it is also a historical and structural definition of the organizational structure of the social economy. The social economy is that part of national economies that constantly provides new concrete and clear possibilities of organization an implementation of innovations in the economy. At the beginning of the 21st century, one could have witnessed that there are big marginalized groups of citizens present in the worlds’ society that require specific social and economic measures to improve their status using social economy. The study furthermore presents the social economy current state during COVID-19 period, unclear state economy policies of the individual states and international organizations and proposes innovations to support the improvement of the state of the entrepreneurial environment in the Slovak republic, using social economy. It also lists proposals on the legal regulation measures. The research results can be used as an argument for implementing of social economy in national economies around the world.