
Eliza J.
asked 06/06/21The meaning behind "social risks"
What does social risks mean in a country? Please provide examples.
2 Answers By Expert Tutors

Holly D. answered 06/08/21
American Sign Language Tutor & ASL Interpreter
Social Risk
Whenever I'm stuck I always look at the root words and their definitions.
Social = More than 1, a group, a community even
Risk = To not know the benefits before purchasing/doing something
When we put these two together under the context of our society, think about what people are afraid of.
Example:
- People are scared of higher taxes taking away what little income they have left.
- Because of this, how we spend taxes provides a risk to a larger group of people, not just the individual.
I hope this helps!
Eliza J.
thank you!!06/08/21
Tom M. answered 06/09/21
Adjunct Professor, Training and Development Specialist, Tech Analyst
In terms of economics, social risk is the dangers posed to a nation's industrial base as well as the related jobs. Governments seek to manage that risk by fiscally intervening when there is a danger to the economic fabric of a nation.
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Mike R.
Social risks can mean a lot of different things but one way to think of them is an indicator or catalyst for a push factor that causes people to leave a country. So, a government may be unstable and it may only take one miltiary coup or riot to remove the people in power, so the instability is a risk, but civil war or the violence itself would be a social risk. Another example would be several businesses closing and people losing their jobs, where the risk is that people will leave the country to get work elsewhere. The push factor is what MAKES them leave, but the social risk is like a warning sign of what can happen.06/07/21