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What is social economic

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What is social economic
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Meghna Thapar 5 years ago

Social economics is a branch of economics—and a social science—that focuses on the relationship between social behavior and economics. It examines how social norms, ethics, emerging popular sentiment, and other social philosophies influence consumer behavior, and thus shape public buying trends. Socioeconomics is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how modern societies progress, stagnate, or regress because of their local or regional economy, or the global economy.

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