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What does Socioeconomic Mean?

April 26, 2017mean socioeconomic

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What does Socioeconomic Mean?

1 Answer

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Well, the term socioeconomic is combination of two words – social and economic. Social condition of a person means culture, society where a person is living and his interaction with the society. Economic refers to financial status of person. So basically socioeconomic condition of an individual refers to his society, culture, environment, his interaction in society and his financial status.