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Home > QFINANCE Dictionary > Definition of socioeconomic

Definition of

socioeconomic

Economics

relating to social and economic factors involving both social and economic factors. Structural unemployment, for example, has socioeconomic causes.

socioeconomic - Related Articles
  • Auditing Islamic Financial Institutions

    Best Practice

    Hence, auditing of IFIs can be defined as a systematic process of objectively obtaining and evaluating evidence regarding assertions about religious and socioeconomic actions and events, in order to ascertain the degree of correspondence between those assertions and the applicable financial
    By Roszaini Haniffa

  • The Emergence and Development of Islamic Banking

    Best Practice

    the possibilities of mobilizing local savings and credits as an essential requirement for socioeconomic development in the area.” (El Naggar, 2005). The ripple effects of this successful experiment were felt in some other Muslim countries after some years. “Few years before the bank consolidated its services in 1981
    By Umar Oseni, M. Kabir Hassan

  • Tunisia

    QFINANCE Country Profiles

    The challenges ahead include privatizing industry, liberalizing the investment code to increase foreign investment, improving government efficiency, reducing the trade deficit, and reducing socioeconomic disparities in the impoverished south and west.

  • The Philippines

    QFINANCE Country Profiles

    Unemployment rose in 2008 as the global downturn hit the manufacturing sector. The country’s jobless rate stood at 6.8% in October 2008, compared with 6.3% a year earlier. In February 2009, Socioeconomic Planning Secretary, Ralph Recto, further estimated that as many as 800,000 Filipino workers were in danger of losing their jobs in 2009—a figure which, if realized, would push the jobless rate to above 10%.

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Definitions of ’socioeconomic’ and meaning of ’socioeconomic’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’socioeconomic’ and other financial terms with our online QFINANCE Financial Dictionary.

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