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An organization is considered a social economic entity because it operates within a social framework while engaging in economic activities. It interacts with various stakeholders—including employees, customers, suppliers, and the community—thereby influencing and being influenced by social norms and values. Additionally, organizations contribute to economic development by creating jobs, generating income, and driving innovation, all of which have broader social implications. Thus, their operations reflect a blend of social responsibilities and economic objectives.

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3mo ago

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