Socio-economic impacts is a field of study concerned with analyzing the combined and reciprocal effects of events, policies, or trends on both economic conditions and social welfare, structures, and equity. It investigates the complex interactions between economic changes (e.g., costs, output, distribution of resources) and social outcomes (e.g., well-being, health, equity, adaptation capacity), often assessing differential effects across various groups. Its significance lies in providing a comprehensive understanding essential for evaluating consequences, informing policy decisions, and developing mitigation or adaptation strategies.