Understanding Social Economics - Deepstash

Understanding Social Economics

Understanding Social Economics

Understanding Social Economics

Different socioeconomic classes have different priorities regarding how they direct their funds. A socioeconomic class are grouped together with similar characteristics like:

  • Social and economic standing
  • Level of education
  • Current profession; and
  • Ethnic background or heritage

Due to the differences in such charateristics, certain goods and services are unavailable to specific classes becuase they may not be able to afford them.

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