THE SOCIO-ECONOMIC ASPECT

Objectives of the Socio-Economic Aspect

 Objective 1; to develop a financial model of the business venture.

 Objective 2; to contribute the government and general funds for the improvement
of public service and government projects.

 Objective 3; to provide employment for people to work and earn a livelihood.

In the succeeding paragraphs, there should be no indentations, paragraphs are justified

with left alignment. Delete this highlighted section and replace it with your own
objectives.

Social Implications

This business proposed to offer a good quality of rice at the same time for an affordable
price that helps the community of Brgy. Handumanan. Where rice is the most important
food crop and the staple food of more than half of the world’s population. With consumer
demand on the rise, marketing skills are becoming increasingly important for rice and
business owners. To reach customers in their targeted market segments, generate interest
in our product or service, and eventually coverts our customers into paying patron.

Economic Implications

The rice economy is sharply skewed. Rice cultivation has provided the bulk of
agricultural output and employment in most developing economies in Asia, by far the
largest grower of this staple food grain. Economic expansion will constrain supplies and
availability due to competing, and often more remunerative, demands for farm labor and
grain land from other productive sectors and other agricultural activities as well. The
eroding comparative advantage of agriculture, including rice farming, as economies grow

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY – Chapter VI

and change structurally.

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY – Chapter VI

FT-ARA-020-00 | STI WEST NEGROS UNIVERSITY 3