SOCIO-ECONOMIC

IMPACT OF A BUSINESS
WEEK 11
 IMPACT ON
HOUSEHOLDS
New businesses mean employment
opportunities for the Filipinos.
Those who have jobs but are
earning low- wages may find
better paying jobs with the new
companies. Unemployed workers
looking for work may have the
chance of being employed by
these companies.
The pool of unemployed workers will
definitely decrease. Being employed
will enabled them to buy their basic
needs and even some luxuries. This
means that their quality of life and
their standard of living will improve.
 Acquisition of wealth and assets can
now follow both for the business owners and
the employees they hire.
Profits earned by the owners can be
invested back into the business for
expansion, or some can be withdrawn by the
owners which they can use to buy new cars
or new houses.
IMPACT ON THE
COMMUNITY
 Corporate Social Responsibility (CSR) has become a
growing trend among business today.
As a result of this, corporations and even small
business have increased their focus on projects that
provides scholarships to poor but deserving students,
allocating budgets for housing for low- income
families such as participations in programs like the
Gawad Kalinga, environmental protection including
tree planting, elimination of pollution, and other
environment related programs. Communities benefit
from business sponsored activities that include sports
fest and wellness programs, livelihood projects, micro
financing, and even medical and dental missions.
Activity:
Reporting (2 GROUPS)

1. Who is Manuel V.
Pangilinan?
2. Who is Bill Gates?