Socioeconomic class refers to a group of people who share similar economic and social status. This classification is often based on factors such as income, education, occupation, and wealth. People in higher socioeconomic classes typically have access to better resources, opportunities, and living conditions compared to those in lower classes. The concept of socioeconomic class can influence various aspects of life, including health, education, and social mobility. For example, individuals from lower socioeconomic classes may face challenges in accessing quality education or healthcare, which can perpetuate cycles of poverty and limit opportunities for advancement in society.