Name some socioeconomic forces.

A

Socioeconomic forces are factors that affect the operation of the economy. They are factors that arise due to different human beings’ actions which in turn affect their lives. These factors include;

  • population increase
  • economic policies
  • health policies
  • social welfare systems
  • household income
  • income distribution
  • infant mortality rate
  • education level
  • living standards.
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