What do you mean by Socioeconomic action?
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What Is Social Economics?
Social economics is a branch of economics—and a social science—that focuses on the relationship between social behavior and economics. Social economics consists of two broad perspectives that, though opposite in their approach, can be thought of as complementary. The first, pioneered by Nobelist Gary Becker, applies the basic theoretical and applied tools of neoclassical microeconomics to areas of human behavior not traditionally considered as part of economics proper, such as crime and punishment, drug abuse, marriage, and family decisions.
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