“…Social factors are also factors that emphasize on improvements in quality of life, culture, health and education and the living environment (Patil & Patil, 2017). Also, Corporate Social Responsibility, preservation of traditions, commitment to ethical standards, technological transfer (Ernest et al, 2020) and social welfare (Dong et al, 2019) are considered as social factors. According to Menassa and Baer (2014), social factors are factors acknowledging the needs and interests of other parties such as community groups, educational institutions, the workforce, public, and future generations in order to reinforce the network of relationships that ties them all together and social concerns include labor practices, community impacts, product responsibility, and human values.…”