The meaning behind "social risks"

Question

What does social risks mean in a country? Please provide examples.

Answer 1

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:

1. People are scared of higher taxes taking away what little income they have left.
2. Because of this, how we spend taxes provides a risk to a larger group of people, not just the individual.

I hope this helps!

Answer 2

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.