Socio-economic status refers to an individual's or group's position in society based on factors such as income level, occupation, education level, and social standing. It reflects both economic and social dimensions.
Related terms
Income Inequality: The unequal distribution of income among individuals or households within a society.
Poverty Line: The minimum level of income deemed necessary to meet basic needs.
Social Mobility: The ability of individuals or groups to move up or down the social and economic ladder within a society.