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Social Economics is a branch of economics and social sciences that puts focus on studying and analyzing the relationship between social behavior and economics.
It attempts to explain how a particular social group or social class behaves within a society and this includes their actions as consumers.
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Different socioeconomic classes have different priorities regarding how they direct their funds. A socioeconomic class are grouped together with similar characteristics like:
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An individual's socioeconomic status can significantly impact their educational attainment and financial security.
Studies show that those who come from a lower socioeconomic status were related to having poor cognitive development, language, memory, and socioemotional pro...
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