A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.
The economic model of social responsibility is in line with the traditional concept of business. It holds that society will earn most if business is left alone to produce products that society needs and make profits. The socioeconomic model of social responsibility holds that business is a part of the society therefore it can not ignore the problems that it causes. The socioeconomic model focus not only in profits but also in the impact of business decisions in society.
socioeconomic
Socioeconomic questions are questions that involve Social and Economic information about a person or place. What was the socioeconomic situation 5 years ago? Which means: What was the Social status and the economic statues 5 years ago? Another way to put it is What was my socioeconomic level as a child? Which translates to: What was my social and economic status as a child? Which is a question asking whether I was social in a rich society or not.
production
Yes, the socioeconomic model of social responsibility emphasizes that business decisions should consider their impact on society as a whole, not just on shareholders. This model advocates for a balance between profit-making and the welfare of stakeholders, including employees, customers, and the community. By prioritizing social and environmental considerations, businesses can contribute positively to societal well-being while still achieving economic success.
The economic model of social responsibility is in line with the traditional concept of business. It holds that society will earn most if business is left alone to produce products that society needs and make profits. The socioeconomic model of social responsibility holds that business is a part of the society therefore it can not ignore the problems that it causes. The socioeconomic model focus not only in profits but also in the impact of business decisions in society.
socioeconomic
Socioeconomic questions are questions that involve Social and Economic information about a person or place. What was the socioeconomic situation 5 years ago? Which means: What was the Social status and the economic statues 5 years ago? Another way to put it is What was my socioeconomic level as a child? Which translates to: What was my social and economic status as a child? Which is a question asking whether I was social in a rich society or not.
Socioeconomic factors are the combined effects of social factors and economic factors, hence socioeconomic; an example sentence would be: The variety socioeconomic factors in Russia make it very interesting to study.
• SOCIOECONOMIC (adjective)The adjective SOCIOECONOMIC has 1 sense: 1.involving social as well as economic factorsFamiliarity information: SOCIOECONOMIC used as an adjective is very rare. Source: http://www.audioenglish.net/dictionary/socioeconomic.htm
production
contribution of NGOs in socioeconomic development in bangladesh
Someone's socioeconomic status is determined by a combined measure of one's work experience as well as one's economic and social position in relation to other people.
Socioeconomic cooperation refers to collaboration between individuals, groups, or organizations from different socioeconomic backgrounds to address common issues or challenges. It involves working together to create inclusive and sustainable solutions that benefit all members of society, regardless of their social or economic status.
Socioeconomic study is the examination of the relationship between social and economic factors in society. It focuses on how these factors interact and influence one another, impacting individuals, communities, and larger populations. These studies help understand disparities, inequalities, and opportunities within different socioeconomic groups.
for economic development
Communism is the socioeconomic political philosophy. It postulates the importance of humans in economic activity. It is a form of socialism.