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What you need to know |
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| Name(s) of sector | Description of sector |
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Second sector ~PRIVATE SECTOR ~FOR-PROFIT SECTOR |
For-profit businesses. CORPORATE SOCIAL RESPONSIBILITY |
Third sector ~NONPROFIT SECTOR ~NGO ~SOCIAL BENEFIT SECTOR ~CIVIL SOCIETY |
Organizations and groups outside government that organize people to participate in society through volunteerism, financial contributions, memberships, labor unions, indigenous peoples movements, foundations, faith-based organizations, and general civic participation (voting, dissent, etc.). Internationally, the term civil society, is used more frequently. |
 Fourth sector ~FOR-BENEFIT SECTOR ~SOCIAL ENTERPRISE ~SUSTAINABLE ENTERPRISE |
Corporations with a TRIPLE BOTTOM LINE (PEOPLE, PROFIT, PLANET): Committed equally to profit, society (people) and the environment (planet). For-benefit businesses reinvest their profits to sustain their social mission rather than distribute dividends to shareholders. |