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![Karl Marx](https://static.wixstatic.com/media/acf582_3947857b42804375adefbacee2e6b954.jpg/v1/fill/w_350,h_350,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/acf582_3947857b42804375adefbacee2e6b954.jpg)
Socio-economic
The term socio-economic is used to describe that which is related to or concerned with the interaction of both social and economic factors.
Example:
When addressing the issue of crime it is important to study all of the socio-economic factors as crime is not just a result of economic factors but of social factors as well.
Market Socialism
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