Socio-economic

Socio-economic refers to the combination of social and economic factors that influence an individual, group, or society. Social factors include things like education, culture, values, beliefs, and relationships. Economic factors include things like income, wealth, and employment. Socio-economic factors are important because they can affect people’s opportunities, access to resources, and overall quality of life. Socio-economic factors can also play a role in determining an individual’s or group’s position in society, and they can impact a person’s ability to participate in and contribute to the economy.