Chapter 6

Socio Economic Aspect

Objective of the Study
The proponents would like to know through this particular aspect on what are the
implications or effects of putting up this kind of business to our local economy and to the
country particularly on employment generation and tax collection.
Business and Economic Activity
Accordingly, if there are more businesses, everything will be affected. More
employment will be generated and more income taxes will be generated and collected
as expected. This is where the particular aspects comes.
Considering that this business is a new ventures of ours, it will not affect greatly the
socio economic activity as it is still starting and the business is not that big. But as it
goes through the years, and hopefully our business will become successful and gaining
and expansion will be established, maybe thats the time that it can contribute the
economic activity of our city which will then affect the economic activity of our country.
Therefore, in general if this Carwash business will prosper, it will affect the
following factors:

Employment
Because of the possible of the Carwash, more and more employment will be
generated. Those who have no job will be given an opportunity to work and their skills
will be used and in return they can gain income to sustain their daily needs.
Taxes
More businesses mean more employment. The government then can collect
enough taxes which will be used in building infrastructure project, school buildings,
deliver health services and so on and so forth. Meaning, all of us can benefit from these
services that the government will provide out of the taxes we contribute.