Explain the concept of triple bottom line and its relevance to social entrepreneurship.

The concept of triple bottom line (TBL) was first introduced by John Elkington in 1994. It refers to a framework that incorporates three key elements - social, environmental, and financial - as the measure of business success. The TBL concept goes beyond the traditional bottom line of just financial profit and considers the impact of business activities on people, the planet, and profits. In the context of social entrepreneurship, the TBL framework is particularly relevant as it aligns with the mission and values of social entrepreneurs who aim to create positive social and environmenta....