FACTOID # 4: Just 1% of the houses in Nevada were built before 1939.
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
People who viewed "Socioeconomic" also viewed:


FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:



(* = Graphable)



Encyclopedia > Socioeconomic

Socioeconomics is the study of the social and economic impacts of any product or service offering, market intervention or other activity on an economy as a whole and on the companies, organization and individuals who are its main economic actors. These effects can usually be measured in economic and statistical terms, such as growth in the size of the economy, the number of jobs created (or destroyed), or levels of home ownership or Internet penetration; and in measurable social terms such as life expectancy or levels of education. The combination of economic and social factors that influence how an intervention is likely to change a society will be unique to each situation, but generally may include, for example:

  • Prevailing economic conditions
  • The level of economic development and the extent of disparities within a society
  • Political stability and the relationship between government and judiciary
  • Levels of education, literacy and familiarity with technology
  • Maturity and openness of markets
  • Propensity for entrepreneurial activity
  • Strength of tradition in terms of beliefs and behaviours

Examples of causes of socioeconomic impacts include new technologies (such as cars or mobile phones), changes in laws (such as the legal right to abortion), changes in the physical environment (such as increasing crowding within cities), and ecological changes (such as prolonged drought or declining fish stocks). These may affect patterns of consumption, the distribution of incomes and wealth, the way in which people behave (both in terms of purchase decisions and the way in which they choose to spend their time), and the overall quality of life. These can further have indirect effects on social attitudes and norms.

In specific cases, socioeconomics studies will necessitate identifying the specific relevant factors, and understanding their status before and then as a consequence of the intervention.

The goal of socioeconomic study is generally to bring about socioeconomic development, usually in terms of improvements in metrics such as GDP, life expectancy, literacy, levels of employment, etc.

Although harder to measure, changes in less tangible soft factors should also be considered. These include issues such as personal dignity, freedom of association, personal safety and freedom from fear of physical harm, and the extent of participation in civil society.

Socioeconomics is itself not an economic theory (though it may use economic theories to understand impacts); neither should it be confused with socialist economics.

See Also:

This article is awaiting input from someone with qualifications in this field

  Results from FactBites:
Sublette SE (247 words)
Please click on the categories above to navigate
This web page will act as a clearinghouse for all socioeconomic data produced for the
to additional information on the socioeconomic impacts of Natural Gas
Socioeconomics and Physician Distribution (5045 words)
Socioeconomic levels may be reflected by other student characteristics such as physician age and birth location in addition to specialty choice by income levels.
Students who are older, students born in less urban US locations, students born in the same state as the medical school, and students in schools with even slightly lower MCAT scores distribute better.
Socioeconomic measures, admissions probabilities, choice of family medicine, test taking ability, and distribution outcomes all relate to one another in a consistent way that has not been studied in great detail, especially on the national level.
  More results at FactBites »



Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m