Socioeconomic Impact Assessment

Socioeconomic Impact Assessment is a process used to evaluate how a project or policy affects people’s lives and communities in terms of economic and social factors. It examines aspects like job creation, income levels, education, health, and overall quality of life. By analyzing these impacts, decision-makers can understand potential benefits and drawbacks, helping them to make informed choices that promote community well-being and sustainable development. This assessment aims to ensure that both positive outcomes are maximized and negative consequences are minimized for the affected population.