Socioeconomic questions are questions that involve Social and Economic information about a person or place. What was the socioeconomic situation 5 years ago? Which means: What was the Social status and the economic statues 5 years ago? Another way to put it is What was my socioeconomic level as a child? Which translates to: What was my social and economic status as a child? Which is a question asking whether I was social in a rich society or not.
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A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.
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socioeconomic
Socioeconomic status is assessed by looking at an individual or group's housing, occupation, education and income levels in comparison to their country's statistical average from surveys. Other factors contributing to socioeconomic status are facilities and services, ethnic origins and unemployment.
The socioeconomic aspect of a business plan involves looking at how much money your prospective customers are likely to make. This can affect how you price your product in the business plan.