Social and solidarity economy

Contrary to liberal economics, social economics places the individual

before profits. In the distribution of revenues, priority is given to individuals and to the work itself, rather than to capital.

Social economy is a generic term for groupings of people (not capital) playing an economic role: any kind of cooperative, membership organization, or non-profit.
Originating in developed countries of the 19th century, the idea of social economy is founded on economic and social initiatives oriented towards goals other than capital, income, and profits. Through its economic and social aims, social economics embodies modernity, innovation, and sustainable development.

Solidarity-based economics is an emerging form of social economics, founded on the notion of local action and upholding the initiatives of local development, reinsertion, and the fight against social and economic exclusion (fair business, micro-credits, solidarity-based finance, and local exchange systems).