Why do we need to study the socio-economic impact in economics?
Socio-economic impact studies measure and monetize the economic, social, environmental and financial costs and benefits, for all stakeholders, of a project or public policy over its lifetime.
Why is socio-economic is important?
SES affects outcomes in different ways. In fact, SES is considered by some to be the most important influence in morbidity and mortality (Adler & Snibbe, 2003). ... Those of higher SES have access to more health knowledge, better housing and nutrition, and better health care (Adler & Snibbe, 2003).
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Why do we need to study the socio-economic impact in economics?
Socio-economic impact studies measure and monetize the economic, social, environmental and financial costs and benefits, for all stakeholders, of a project or public policy over its lifetime.
Why is socio-economic is important?
SES affects outcomes in different ways. In fact, SES is considered by some to be the most important influence in morbidity and mortality (Adler & Snibbe, 2003). ... Those of higher SES have access to more health knowledge, better housing and nutrition, and better health care (Adler & Snibbe, 2003).