Socioeconomics refers to the study of how economic conditions and social factors intersect and influence each other. Some synonyms for the term include social economy, socioeconomic status, social class, social stratification, and economic inequality. The field of socioeconomics examines how aspects such as race, gender, education, and income impact economic outcomes and social mobility. Other related terms include regional economics, urban economics, and welfare economics. Understanding socioeconomics is essential for policymakers, economists, and activists who seek to address income inequality, promote economic growth, and improve social welfare. By studying the issues of socioeconomics, individuals can work to build a more equitable and just society.