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REPORT TO:POLICY AND RESOURCES COMMITTEE 8 NOVEMBER 2004REPORT ON:EQUALITY AND DIVERSITY MONITORING AND ACTION PLANNINGJOINT REPORT BY:HEAD OF COMMUNITIES AND ASSISTANT CHIEF EXECUTIVE (MANAGEMENT)REPORT

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What is economic and social impact?

Economic and social impact refers to the effects that a project or policy decision has on the economy and society.

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The purpose of economic and social impact reports is to inform decision-makers and stakeholders about the potential effects of a project or policy decision on the economy and society.

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Information on the potential economic costs and benefits, as well as the social implications of the project or policy decision, must be reported on economic and social impact reports.

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