In CREATING A WORLD WITHOUT POVERTY, we have a few pages about the cooperative movement, in which we say that a co-op is not a social business because it is not necessarily dedicated to a social cause such as helping the poor. What about a co-op that does dedicate itself to helping the poor–for example, a co-op of poor workers who band together to build and grow a business? Could this be a social business?
Of course, yes. Under second definition it will be a social business if the co-op is owned by the poor.