Socio-economic impact studies

Socio-economic impact studies assess how a project, policy, or event affects society and the economy. They examine factors like job creation, income changes, community well-being, and environmental consequences. For example, if a new factory opens, the study would analyze its effects on local employment, business growth, and potential challenges like pollution. By providing insights into these impacts, these studies help decision-makers understand benefits and risks, guiding them to make informed choices that balance economic growth with social and environmental considerations.