Socioeconomic Development
Socio-economic development is the process of social and economic development in a society.
Socio-economic development is measured with indicators, such as GDP, life expectancy, literacy and levels of employment. Changes in less-tangible factors are also considered, such as personal dignity, freedom of association, personal safety and freedom from fear of physical harm, and the extent of participation in civil society.
Causes of socio-economic impacts are, for example, new technologies, changes in laws, changes in the physical environment and ecological changes.
Read more about Socioeconomic Development: See Also
Famous quotes containing the word development:
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)