Socio-economic impact refers to the effect of an activity or policy on the social and economic well-being of a community or society. It encompasses both quantitative and qualitative changes, influencing factors like income distribution, employment rates, education accessibility, and overall quality of life.

Socio-economic Impact

Effect of an activity

Effect of a policy

Social well-being is the extent to which individuals feel a sense of belonging and social inclusion in their communities, as well as having satisfying and supportive relationships. It is a crucial component of overall health, influencing both mental and physical health outcomes through social connections and community support.

Social Well-being

Economic Well-being

A community is a group of individuals connected by shared interests, values, or geographical location, fostering a sense of belonging and mutual support. It plays a crucial role in shaping social identity, facilitating cooperation, and promoting collective well-being.

Community

Society

Quantitative changes

Qualitative changes

Income distribution refers to how a nation’s total economy is divided among its population, impacting economic equality and social stability. Understanding income distribution is crucial for addressing disparities and formulating policies that promote equitable growth and reduce poverty.

Concepts

Relevant Degrees

Your Lessons