What is socioeconomic? Describe in 500 words?
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Socioeconomics (also known as social economics) is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how societies progress, stagnate, or regress because of their local or regional economy, or the global economy.
An example of something socioeconomic is a person's class in society based on how much money he makes.
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