Personal social responsibility

Personal Social Responsibility is a novel socio-economic model, based on a strategic decision by an individual to undertake an obligation to society in an organized framework. Given the widening gap between the haves and haves-not in contemporary society, this model provides a systemised framework for redistribution of wealth, albeit under the tenets of fiscal conservatism. The impact and structure of this model is laid out the sectors of education, healthcare, hygiene, small-scale local businesses and environment. Personal Social Responsibility is considered primarily within a social entrepreneurship model in this paper and the relevant economic model is developed for the same.