CHAPTER VI

SOCIO-ECONOMIC STUDY
The socio-economic impact of this study will clearly state its relevance to
the external aspect of the business.

Contribution to the Philippine Economy

Every business establishment will be of great help for the growth and
development of the Philippine economy. These will only be possible if every firm
will be responsible enough to perform their duties and obligations to their
customers, community and of course to the government.
Empanada Empire will definitely contribute additional earnings to our
government by means of paying right taxes. Through this, the government can
able to perform its functions well including continuous support and assistance to
the business industry, providing projects for the community such as building
infrastructures, public schools and hospitals, strengthening arm forces for the
security and protection of the countrymen and other indispensable projects that
will benefit the people.

Employment Generation
The business will provide job opportunities to many individuals most
especially to those people who have great passion in managing day to day
activities and other utility employees. Every society wants all its qualified
members to be gainfully employed. When individuals are employed they are able

to raise their children support them through school, provide them with decent
homes, acquire medical services whenever needed and contribute to
government income through the payment of income taxes.
Empanada Empire will help lessen the rate of unemployment, number of
poor people and employee theft which is commonly scene to all dormitories. The
business will be able to do this by employing credible and skilled employee. The
company will hire a good security agency ensuring the safety of all its tenants.
The eradication of poverty will help to solve social problems like crimes, juvenile
delinquency and security.

Increased Production Activity

Supply of Commodities
The production activity of the project favorably affects the supply
situation of the industry in various ways. Where there are few sellers of a
particular product or service, the projects entry reduces the supply
shortage, resulting in lowered prices. In an overcrowded industry on the
other hand, the project may result in improved product quality and/or
decreased prices, especially if it is highly competitive in quality and pricing
upon its introduction.

Demand for Materials

At the same time, the production activity creates additional demand
for raw materials and other industrial inputs. This stimulates the production

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of more raw materials and supplies, thereby promoting linkages within the
industry.

Business

Major
Contributions

Social &
Economic
Factors

SocioEconomic
Contributions

Taxes

Municipal &
National
Government

Community
Development

Employment

Individual &
Family Income

Improved
Standard of Living

Empanada Empire
Supply of
Commodities

Additional Supply
to Domestic
Market

Lowering of Prices
Production
Demand for
Materials

Utilization of Local
Materials

Socio-Economic Contributions
Figure 41

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Empanada Empire