Government (tax

revenues, poverty,
and basic services)
The Socioeconomic factors affecting
small businesses
The first step to understanding what
socioeconomic factors are is to
understand social economics. This is a
specialized branch of economics that
concerns itself with studying and social
behavior. The study of social economics
seeks to predict what kind of results to
expect when the society has been
changed.
 Government
 Public institution are likewise affected by business in ways other than through
taxation and regulation. The government can drive progress and sustainable
development through partnership with the private sector. The partnership aim
to address funding issues and to diversity the risks associated with
infrastructure development between the two sectors.
 The Public-Private Partnership Center (PPPC) is the central coordinating and
monitoring agency of all public-private partnership programs in the
Philippines. PPC aims to support PPP Projects through advisory services and
technical assistance. (according to the applied economics DIWA book)
 The group of people with the authority to govern a country or state; a
particular ministry in office. (oxforddictionaries.com)
 It sets and administers public policy and exercises executive, political and
sovereign power through customs, institutions, and laws within a state.
A government can be classified into many types--democracy, republic,
monarchy, aristocracy, and dictatorship are just a
few.(oxforddictionaries.com)
Tax-revenues
 Tax revenue is the income that is gained
by governments through taxation.
 Taxation is the primary source of income for a state.
 Taxes are the most important source of government
income.
 Taxes can be defined as “a compulsory contribution
imposed by a public authority, irrespective of the exact
amount of service rendered to the taxpayer in return.”
 According to professor seligman, a tax is “a compulsory
contribution from a person to the government to defray the
expenses incurred in the common interest of all without
reference to common interest of all, without reference to
special benefits conferred.”
Poverty Alleviation
Poverty alleviation means to reduce the
poverty from urban areas and rural areas
through employment.
“Poverty reduction” is often used as a
short-hand for promoting economic
growth that will permanently lift as many
people as possible over a poverty line. But
there are many different objectives that
are consistent with “poverty reduction,”
and we have to make choices between
them.
Basic Services
Poor and vulnerable households
need basic services such as
electricity, water, sanitation, health
and education, to enable economic
development. Quality, affordability,
and sustainability are major
challenges, even in those areas
where services are available.
“Poverty is the condition of being
extremely poor which makes
people unable to get basic
necessities of the life, especially
food, shelter, clothing and
education. It affects people's
physical, mental, social and
moral abilities to do something
good in their life”
Short quiz (1/2 Crosswise)

Discuss the concept of sustainable

development and the roles of the
government, the private sector, and
the society in achieving sustainable
development goals.