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English definition of “socioeconomic”

socioeconomic

adjective (also socio-economic)     /ˌsəʊsiəʊˌekəˈnɒmɪk/ US   /ˌsoʊsioʊˌiːkəˈnɑːmɪk/
ECONOMICS used to describe the differences between groups of people relating to their social class and financial situation: The proposal is meant to boost achievement for all and close a growing gap among students from different socioeconomic backgrounds. Higher education typically correlates with a higher socioeconomic status and better living conditions. a socioeconomic class/group
socioeconomically /ˌsəʊsiəʊˌekəˈnɒmɪkli/ US   /ˌsoʊsioʊˌiːkəˈnɑːmɪ-/ adverb
(Definition of socioeconomic adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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