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SOCIOECONOMIC IMPACT ASSESSMENT OF THE EM BRC Deliverable D8.5 The EM BRC preparatory phase October 2013 Contents Executive Summary ...........................................................................................................................................................
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Socio-economic impact refers to the effect that a particular event, policy, or initiative has on social structures and economic systems.
Various stakeholders including governments, organizations, and businesses may be required to file socio-economic impact assessments depending on the project or policy being implemented.
Socio-economic impact assessments typically involve collecting data on the potential impacts of a project or policy on different social and economic factors, analyzing this data, and presenting the findings in a report format.
The purpose of a socio-economic impact assessment is to understand how a particular event, policy, or initiative will affect society and the economy, and to help decision-makers make informed choices.
Information that may need to be reported on a socio-economic impact assessment includes data on employment, income levels, education, health, and other social and economic indicators.
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