What are some of the primary economic and social factors influencing GNP?

[Meezy]

[senb]

Primary economic and social factors that influence GNP (and GNP) grwoth are endowment of natural resources and its Variety (this includes minerals, forests, soil conditions, length of coast, climatic conditions, rainfall, social cohesion, societal attitude towards material progress, literacy and spread and quality of education, law and order, clarity of laws and effectiveness of judiciary, dispute resolution systems, social values like honesty as against corruption, hardworking as aagainst laziness, thrift as against extravaganza, status of women, qualities like risk taking attitude or risk aversion, adventurism, tradtions in science and technology, societal openness to embrace new things and immigrants, demographic characteristcs like sex ratio, women's participation in work force, life expectancy, density and size of population, etc. Just to illustrate a backgound or tadition in science and technolgy helps raise productivity and enhances potential of GNP growth. Adventures and rik taking traders contribute to GNP through pariticipation of international trade and commerce. Thriftiness increases the availabilty of savings that are invested to augment the capacity to increase GNP. Literacy and education contribute to greater availability of skilled manpower to run farms and factories with greater productivity. Access to long coastal ares aid international trade and commerce and devlopment of ports and port based economic activity. Largers reserves of natural resources like coal, oil, iron ore, etc help increase GNP faster. Women's participation in labor force brings in additional GNP. Social cohesion contributes to peace while social conflicts cause disruption and dislocation in economic activities. Good social institutions like free markets, banking and financial services, laws, regulations help easier conduct of exchange of goods and services in the economy
Socioeconomics or Socio-economics is the study of the relationship between economic activity and social life. The field is often considered multidisciplinary, using theories and methods from sociology, economics, history, psychology, and many others. It is a relatively new social science that has emerged as a separate field of study in the late twentieth century. Most colleges and universities do not have a separate department or degree for socioeconomic studies.
Socioeconomics typically analyze both the social impacts of economic activity and economic impacts of social activity. In many cases, however, socioeconomists focus on the social impact of some sort of economic change. Such changes might include a closing factory, market manipulation, the signing of international trade treaties, new natural gas regulation, etc. Such social effects can be wide-ranging in size, anywhere from local effects on a small community to changes to an entire society.
Examples of causes of socioeconomic impacts include new technologies such as cars or mobile phones, changes in laws (such as the legal right to abortion), changes in the physical environment (such as increasing crowding within cities), and ecological changes (such as prolonged drought or declining fish stocks). These may affect patterns of consumption, the distribution of incomes and wealth, the way in which people behave (both in terms of purchase decisions and the way in which they choose to spend their time), and the overall quality of life. These can further have indirect effects on social attitudes and norms.

The goal of socioeconomic study is generally to bring about socioeconomic development, usually in terms of improvements in metrics such as GDP, life expectancy, literacy, levels of employment, etc.

Although harder to measure, changes in less-tangible factors are also considered, such as personal dignity, freedom of association, personal safety and freedom from fear of physical harm, and the extent of participation in civil society.