The socioeconomic environment are the external conditions that influence the standard of living, economic opportunities and development of individuals and communities. This includes social factors such as community safety or access to healthcare that can dramatically impact quality of life and the ability of people to take on opportunities. The socioeconomic environment also includes the economy as a whole such as inflation rates and the condition and structure of the local economy such as employment opportunities in a particular city. The following are common examples of the socioeconomic environment.
Access to Credit
Access to Education
Access to Healthcare
Cost of Education
Cost of Living
Discrimination & Prejudice
Quality of Life
Small Business Conditions
Social Safety Net
SummarySocioeconomic environment includes anything that impacts the economic and life opportunities of a person, community or social group. This includes conditions for job seekers, small businesses and students. Socioeconomic environment also includes cost of living and related things such as tax burden and housing affordability.Next: Socioeconomic Factors
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