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Socio Economic Study

This document discusses the socio-economic impacts of a proposed private project. It will provide some employment opportunities and income to workers. It will also generate tax revenue for the local government. However, the project is small-scale so it will not have large socio-economic effects or require a big organization. It will help meet consumer demand and improve lifestyles, but may not significantly change income levels. Overall the project brings some economic benefits but on a limited scale due to its small size.

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Jaynne Padua
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175 views2 pages

Socio Economic Study

This document discusses the socio-economic impacts of a proposed private project. It will provide some employment opportunities and income to workers. It will also generate tax revenue for the local government. However, the project is small-scale so it will not have large socio-economic effects or require a big organization. It will help meet consumer demand and improve lifestyles, but may not significantly change income levels. Overall the project brings some economic benefits but on a limited scale due to its small size.

Uploaded by

Jaynne Padua
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

SOCIO – ECONOMIC STUDY

 The proposed project is classified as a private project, as it is completely different

to government project.

 Its feasibility means profitability over socio-economic desirability, which is the

object of government projects.

 Socio-economic desirability is measured in terms of the number of workers that

shall be employed, and the approximate annual amount of taxes to be paid by

the project and the workers to the government.

 It will provides additional income to the university in a form of rentals.

 It also measured by the economic benefits that will gradually improve the

faculties/staff and students lifestyle studying in the university and the people

reside near the business location of the project.

A. Contribution to the Economy

 One of its contributions is by means of filling in the consumer’s demand of

the product that will sustain their satisfaction.

 It will also give job opportunities to qualified applicants as the business

continues to grow and expand .

 Also, the project will contribute to the local government units through

paying off taxes and other fees.


B. Employment and Income

 The proposed project may not be able to generate many employment

opportunities for the individuals and families in the target area of operation

because it operate on a small scale and will not require a large

organization but it will provide financial stability to the proponents of the

person/s who will be employed by the project.

 While the proposed business may not directly affect the income of the

individuals and families, such that their standard of living will significantly

improve, it will provide additional income in the form of salary.

C. Taxes

 The proposed project will be a contributor of revenues to the local

government units under its operation.

 These earned revenues by the local and national government units from

the taxes and other fees of the project will be used for the development of

the community.

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