Meaning & Definition of word "Socioeconomic"
Socioeconomic
/ˌsoʊ.ʃi.oʊˈiː.kə.nɒm.ɪk/
adjective:
- 1. Relating to or concerned with the interaction of social and economic factors.
- Example: The socioeconomic impacts of the pandemic have been profound, affecting millions of lives.
- 2. Describing the social and economic status of an individual or group.
- Example: Socioeconomic status is a significant determinant of health outcomes in communities.
- 3. Pertaining to the relationship between social and economic conditions.
- Example: The researchers studied the socioeconomic disparities in education access across different regions.
- 4. Involving both social dynamics and economic considerations.
- Example: Government policies must consider socioeconomic factors to be effective.
Etymology
●From socio- (social) + economic (relating to economics)
Common Phrases and Expressions
socioeconomic status:
A combined measure of an individual's economic and social position.
socioeconomic background:
The social and economic factors that influence a person's or group's experiences.
socioeconomic disparities:
Inequalities that exist between individuals or groups due to differences in social and economic factors.
Related Words
economics:
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
sociology:
The study of the development, structure, and functioning of human society.
demographics:
Statistical data relating to the population and particular groups within it.