SOCIO-ECONOMIC IMPACT ANALYSIS

Assuming you are to put up a business what would that be?

1. Give a brief description.

2. As part of your plan, you are to include socio-economic impact analysis of your business idea. You are to analyze the viability of your business idea.

3. Part of your socioeconomic impact study, you list down the negative impacts of your business idea on the community and formulate recommendations and strategies how to address them.

4. Similarly, you list down also the positive impacts of your business idea and

recommend how you plan to maximize them.

Please see the attached file for the scoring criteria.

The topic discussed in relation to the given task is about the socio-economic impacts of business on the following sectors: Consumer, supplier and investors, government, households, and international trade.