answersLogoWhite

0


Best Answer

Business, especially small business is a crucial part in the success or failure of economic development. This is so because of their ability to create jobs.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Importance of socio economic aspect in business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is socio-economic aspect?

Socio-economis aspect is determining in detail all environmental, economic and social impacts of a matter at hand.


What is contempory socio economic issues and impact on the business?

the impact of contemporary socio-economic issues on the business enviroment


How does piracy affect the socio economic issues?

possible solutions to deal with piracy as one of the socio economic issues affecting business


How does piracy affect the socio-economic issues?

possible solutions to deal with piracy as one of the socio economic issues affecting business


How does this socio-economic issue influence business operations?

Socio-economic issues influence business operations in the sense that they direct what direction businesses take in their marketing efforts and operations.


Socio-economic aspect in feasibility study?

SOCIO-ECONOMIC ASPECT Contribution to Government Revenues The benefit that the government can obtain from Eco-Casket Manufacturing is the tax revenue itself...


What are importance of spatial planning?

Spatial planning is essential for managing land use, preserving natural resources, and promoting sustainable development. It helps to allocate resources efficiently, minimize environmental impact, and improve quality of life for residents by ensuring that physical spaces are utilized in a way that is socially, economically, and environmentally beneficial. Additionally, spatial planning guides infrastructure development, transportation networks, and urban growth in a coordinated and strategic manner.


Socio-economic issues LO1 AS3?

Socio economic issues are things that not only affect the business but also affect the employee.Example:unemployement,crime and poverty


What is Socio-Economic Accounting?

Socio-economic accounting is defined as the analysis of social and economic impacts of government and business actions. This area of accounting covers social programs and economic development among others.


What is the meaning of socio-economic study in feasibility study?

The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.


Socio-economic aspect about restaurant?

The socio-economic aspects of an area strongly affects how a restaurant will perform. Opening a restaurant in an area where the demographic is wrong, or in an area that doesn't have the income to help it thrive can be detrimental to the success of the establishment.


When was Socio-Economic Panel created?

Socio-Economic Panel was created in 1984.