Definition

Relating to the interaction between social and economic factors.

Example

The socioeconomic status of a family can affect their access to education and healthcare.

Conversation

Have you noticed the socioeconomic differences in our neighborhood lately?

Yeah, it's really surprising how some areas are thriving while others are struggling.

I think it affects everything, from schools to local businesses.

Absolutely, those socioeconomic factors play a huge role in community development.

Synonyms & Antonyms

Root Explanation

Socioeconomic is formed from "socio-" (from Latin "socius", meaning companion or ally) and "economic" (from Greek "oikonomikos", meaning skilled in household management). The term combines these parts to refer to the social and economic factors that influence individuals and communities.

Memory Tip

Think of 'socio-' as relating to companions or society, and 'economic' as relating to household management. This helps you remember that 'socioeconomic' refers to the interplay between social and economic factors.

Visually Confused Words