This paper was intended to raise awareness of imbalance between mental and material growth which led to the existing gaps in the economic inequality and resulted in damaging the societal structure. This meant that some entrepreneurs in the country uninsured and the problems only come to light when it is too late as they belief only in money possession and physical comfort than spiritual values, the adverse selection and moral hazard affected mental pictures of economic with special force, the social consequences and external costs of mental concerned economics are formidable. Mental revolution had been made for several attempts during the past democratic period, dating from 1932, but only succeeded in perfunctory effort. The researchers conducted social impact assessment using needs assessment as tools of qualitative applied research proposed to describe a social phenomenon. The time-series longitudinal research examined the same type of information collected on a group of non probability purpose sampling across multiple time periods. Data triangulation and Social Return on Investment had been established for validity check, measuring and accounting for concept of value. The research findings suggested the imbalance between mental and material growth affected the existing gaps, in the economic inequality and resulted in damaging the societal structure, were unanimously accepted. Self and social awareness processes influenced by the emergence of new institutions to address long-standing problems in the public, private and people sectors with paradigm shifting roles are essential for revival and enhance the entrepreneurship of society.
Sahaschai Mahaweera, Sripatum University, Thailand
Karunan Rattanasanwong, Sripatum University, Thailand
Stream: Politics – Social Movements
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