socioeconomic-factors

Vocabulary Word

Definition

'Socioeconomic factors' are social and economic issues that can affect a person or group's status or condition. It's a big umbrella term that covers aspects like income, education, and occupation.

Examples in Different Contexts

For urban planning, socioeconomic factors are considered to ensure that city development meets the needs of all community members, regardless of their economic status. An urban planner might explain, 'Incorporating socioeconomic factors into our planning process promotes inclusivity and sustainable urban growth.'

Practice Scenarios

Urban-Planning

Scenario:

This ward's unemployment rate is higher than the city's average. Do you think a job-creation program in the neighborhood could be a solution?

Response:

A localized job-creation program could be effective, but we must also consider other socioeconomic factors such as the skill level of the unemployed.

Tech

Scenario:

The recent user study indicates a significant digital divide among urban and rural users. How can we improve our engagement with our rural user base?

Response:

We need to identify the socioeconomic factors affecting their use of our platform, like their internet accessibility and digital literacy level.