What are social political and economic factors?

Political factors relate to how the government intervenes in the economy. Specifically, political factors have areas including tax policy, labour law, environmental law, trade restrictions, tariffs, and political stability. Economic factors include economic growth, exchange rates, inflation rate, and interest rates.

What are the factors that could have affected the socio economic conditions of the community?

Social and economic factors, such as income, education, employment, community safety, and social supports can significantly affect how well and how long we live. These factors affect our ability to make healthy choices, afford medical care and housing, manage stress, and more.

What is social political factor?

1. The term can be defined as the changed socio-political distance between host and immigrant societies. It includes political factors, living environment, social factors, institutional factors and mass media.

What are the social factors that contribute to poverty?

11 Top Causes of Global Poverty

• INEQUALITY AND MARGINALIZATION.
• CONFLICT.
• HUNGER, MALNUTRITION, AND STUNTING.
• POOR HEALTHCARE SYSTEMS — ESPECIALLY FOR MOTHERS AND CHILDREN.
• LITTLE OR NO ACCESS TO CLEAN WATER, SANITATION, AND HYGIENE.
• CLIMATE CHANGE.
• LACK OF EDUCATION.
• POOR PUBLIC WORKS AND INFRASTRUCTURE.

How do political and economic factors affect the environment?

Political aspects of environment highlight the role of government. Economic aspects refer to macro-economic factors. The PEST analysis describes a framework of macro-environmental factors (Political, Economic, Socio-cultural and Technological) used in the environmental scanning component of strategic management.

What are some examples of social factors?

Socially factors are things that affect someone’s lifestyle. These could include wealth, religion, buying habits, education level, family size and structure and population density.

Why socio economic factors are important in business?

Individuals who come from a higher socioeconomic status, on the other hand, will have a higher probability of success in their careers and will be better prepared for the work environment because of their access to such things as career guidance counselors, better schools and higher quality education.

How does your socio economic status affect your life?

SES affects overall human functioning, including our physical and mental health. Low SES and its correlates, such as lower educational achievement, poverty, and poor health, ultimately affect our society.

What is the political factors affecting the economic environment?

Political factors include tax policy, environmental regulations, trade restrictions and reform, tariffs, and also political stability. These factors determine the extent to which a government may influence an industry or a company.

What is poverty and what are the causes of poverty?

Poverty is said to exist when people lack the means to satisfy their basic needs. Poverty has been associated, for example, with poor health, low levels of education or skills, an inability or an unwillingness to work, high rates of disruptive or disorderly behaviour, and improvidence.

What is the political factors of poverty?

Political instability, poor governance and corruption are a major phenomenon affecting poverty in the world today.

What are the social political cultural and environmental factors that influence poverty?

While some factors exacerbate poverty, there are five predominant causes of poverty: social inequality, conflict and political instabilities, education, debt and environmental conditions.

How does the economy affect families?

When there are stable jobs and economies, families have expectations of income that will allow planning, investments in the future, and insurance against catastrophic events. But in unstable economies and with job shortages, families are more inclined to have one parent moving, travelling or temporarily separated from the whole.

How do social and economic factors influence health outcomes?

The social and economic factors are not only the largest single predictor or driver of health outcomes, but also strongly influence health behaviors, the second greatest contributor to health and longevity.

What type of factors are covered under the political heading?

Legislative factors would normally be covered under the Political heading since they will generally be politically motivated. Demographics usually are an aspect of the larger Social issue. Industry Analysis is effectively covered under the Economic heading.

What is the main reason families stay together?

Socio-economic status has been the major reason, throughout history, whether most families were able to stay together or were torn apart. It is true that a stable job, position in the middle class, and suitable income goes a long way toward keeping families together,…