Socioeconomic factors are the social and economic conditions that influence individuals and communities. These factors include income level, education, employment status, and access to healthcare. For example, a person with a higher income may have better access to quality education and healthcare services, leading to improved overall well-being. Additionally, socioeconomic factors can affect opportunities and quality of life. Communities with lower socioeconomic status often face challenges such as limited job prospects and inadequate public services. Understanding these factors is essential for addressing issues like poverty and inequality, ultimately helping to create a more equitable society.