Socioeconomic status includes income, occupation, and education.
This refers to how a person has influence in a society due to his or her income, family background, education. The socioeconomic status is based upon income of a person
In other words, socio economic status could be low or high, depending on how people have access to finance, education, social, and health facilities.
Also, it can also be defined as an sociological and economic rating that defines the class a person belongs to in a particular economy, especially based on his or her income hence dependent on educational level, occupational prestige and place of residence
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