Socio-economic

Current consensus

The socio-economic impact area addresses the balance of economic and social outcomes of the CCAM system or service under study by integrating and quantifying its diverse impacts as benefits and costs to assess its societal and economic value.

Explanation

In terms of CEM, SOCIO-ECONOMIC IMPACT ASSESSMENT is concerned with the distribution of land labour and capital, often determined using tools such as Cost Benefit Analysis (CBA)Social factors relate to characteristics related to society, such as age, sex-gender, income, education …. (etc)Socio-economic factors can be used to identify specific population groups within Equity Assessment.