Socio Economic Impact Study

 GOVERNMENT:
 Poverty Alleviation – refer to tools such as free education, free school meals for children, debt relief to
small farmers, free healthcare facilities for poor, etc. to improve living conditions of the section of society
which is unable to fulfill even the basic necessities of life by government and internationally approved
organizations. In short, it aims to improve the quality of life for those people living in poverty.

 Basic Services – Such as electricity and energy, water and sanitation, refuse and waste removal are critical
services to improve the lives of the people.

 HOUSEHOLDS:
 Standard of Living – country’s indication of general comfort, necessities, and, wealth and material
properties. It includes factors such as income, gross domestic product (GDP) and political stability, political
and religious freedom, environmental quality, climate and safety. The standard of living is closely related
to quality of life.

 Employment – are the responsibilities and benefits of a job as agreed upon by an employer and employee
at the time of hiring. These generally include job responsibilities, work hours, dress code, vacation and sick
days, and starting salary.

 INTERNATIONAL TRADE:
 Exports of goods and services – are the goods and services produced in one country and purchased by
residents of another country. If it is produced domestically and sold to someone in a foreign country, it is
an export.
 Imports of goods and services – are the goods and services bought by a country’s residents that are
produced in a foreign country.

 Combined, they make up a country’s trade balance. When the country exports more than it
imports., it has a trade surplus. When it imports more than it exports, it has a trade deficit.

WHAT IS LEADERSHIP?

Leaders are people who do the right thing; managers are people who do things right.

The word “leadership” can bring to mind a variety of images. For example:
 A political leader, pursuing a passionate, personal cause.
 An explorer, cutting a path through the jungle for the rest of his group to follow.
 An executive, developing his company’s strategy to beat the competition.

 Leadership is the art of motivating a group of people to act towards achieving a common goal. In a business setting,
this can mean directing workers and colleagues with a strategy to meet the company’s needs.
 The individuals who are the leaders in an organization, regarded collectively.
 The activity of leading a group of people or an organization or the ability to do this.

Leadership involves:
1. Establishing a clear vision
2. Sharing that vision with others so that they will follow willingly.
3. Providing the information, knowledge and methods to realize that vision; and
4. Coordinating and balancing the conflicting interests of all members and stakeholders.

A leader steps up in times of crisis, and is able to think and act creatively in difficult situations.