issues involving the economy and the social lives of citizens.
Answer:(merged from discussion)This term can be defined in a bit easier way by saying that it involves the good use of resources for betterment of society.
Socioeconomic (sometimes written as socio-economic) is a term that combines society with economics, thus referring to the interaction between the two.
There is a great importance in knowing what words mean. Socioeconomic means. Something concerned with or something related with the interaction of social and economic factors.
If you have enough money to live on and provide for the family.
A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.
but.
socioeconomic
Socioeconomic questions are questions that involve Social and Economic information about a person or place. What was the socioeconomic situation 5 years ago? Which means: What was the Social status and the economic statues 5 years ago? Another way to put it is What was my socioeconomic level as a child? Which translates to: What was my social and economic status as a child? Which is a question asking whether I was social in a rich society or not.
Socioeconomic status is assessed by looking at an individual or group's housing, occupation, education and income levels in comparison to their country's statistical average from surveys. Other factors contributing to socioeconomic status are facilities and services, ethnic origins and unemployment.
The term socioeconomic refers to how economic and social activities affect one another. Many disciplines such as ethics and social philosophy fall under this umbrella.
The term socioeconomic issues refers to social issues that effect an individual's economic and social standing. Poverty for example is a major socio-economic issue.
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