Socioeconomics is a social science that studies how economic activity affects and is shaped by social processes. It is the position of an individual or group on the socioeconomic scale, which is determined by a combination of social and economic factors such as income, education, occupation, place of residence, and ethnic origin or religious background. Here are some key points about socioeconomics:

• Socioeconomics analyzes how modern societies progress, stagnate, or regress because of their local or regional economy, or the global economy.
• The term "social economics" may refer broadly to the "use of economics in the study of society".
• Socioeconomic status often reveals inequities in access to resources, as well as issues related to privilege, power, and control.
• Socioeconomic status is a complex concept that involves education, income, overall financial security, occupation, living conditions, resources, and opportunities afforded to people within society.
• Generalizing and pejorative language about socioeconomic status and class contributes to stereotypes.

In summary, socioeconomics is a field of study that examines the relationship between economic activity and social processes, and socioeconomic status is a measure of an individual or groups position on the socioeconomic scale based on a combination of social and economic factors.