Contemporary socio-economic issues.

THE MEANING OF SOCIO- ECONOMIC ISSUES

-Socio-economic issues include discrimination and poverty, inclusivity unemployment, an unproductive workforce, HIV and AIDS, gambling, forgery, strikes, violence and crime.

- Socio-economic issues are social and economic factors in the macro environment that can cause problems in the business.

REASON WHY SOCIO-ECONOMIC ISSUES CAN CHALLENGE BUSINESSES

-If employees are affected by poverty, HIV and AIDS, violence and crime, it affects their ability to work and leads to unproductivity in the business.

-If forgery and strikes continue, the business will incur losses.

IMPACT ON BUSINESSES

-Poverty affects consumer spending because poor people do not have the ability to buy goods.

-If people cannot spend money the business cannot grow.

-Current way of thinking and media attention on poverty gives rise to the expectation that businesses should invest in poor communities but that put extra pressure on businesses.