Social impact // Economy

Greetings colleague continuing to share content in the World of Economics, through various publications I have shared Economics as a science, its approach, economic models, econometrics, economic variables and different economic phenomena, but this day I bring you something of great importance that I live the day-to-day life as a person in a society, such as the social impact in an economy, as a reference to this phenomenon, is highly reflected according to the levels of inflation, unemployment, the level of savings, consumer tastes and preferences to get an idea, Because each of these macroeconomic variables makes it possible to achieve an impact on society, whether favorable or unfavorable when it occurs, then an analysis of the economic reality has been carried out as it was, to then establish economic policies to regulate the economy for the impact is favorable and not affect society by maintaining the Scarcity law.

In the case of the law of demand and supply, when they reach an equilibrium point, a favorable price is established, which is achieved by producing the quantity offered to demand by society, which mostly covers a large part of its need and even the point that the favorable pact would be the purchasing power of the person can make or achieve a level of savings when there is market equilibrium this is a type of favorable social and economic impact according to the economic model applied.

Now for the case of economic development where the score of each region refers, either in terms of culture, trade, technology, resources, it is determined by the variable gross territorial product, which makes it different from one state to another according to its economic activity, the social impact on the societies of each region would be the quality of each individual in each state defined by each activity as territorial potential.

At the level of public and private banking, it has a social and economic impact when they compete who offers the best financial instrument and bank loans, since whoever lowers the best rate that is conditioned to potential clients greatly stimulates the money supply and control exchange rate, also the circulation of cash if confidence is given to the currency according to inflation levels since that would be an impact on society if you can deposit your money or if you can make a good investment.

The job offer has a very important impact on unemployment levels either in the private or public sector, I leave the rest for you as a reflection, since every entity or company must know the economy and its role in the market, such as its favorable or negative impact on the society where it operates.