What Does Socioeconomic Mean?

Socioeconomics is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how modern societies progress, stagnate, or regress because of their local or regional economy, or the global economy.

What is an example of socio-economic?

Social and economic factors, such as income, education, employment, community safety, and social supports can significantly affect how well and how long we live. ... For example, employment provides income that shapes choices about housing, education, child care, food, medical care, and more.

What does Socio-Economic mean?

Socioeconomic status is the social standing or class of an individual or group. It is often measured as a combination of education, income and occupation. Examinations of socioeconomic status often reveal inequities in access to resources, plus issues related to privilege, power and control.