From Longman Business Dictionary
socioeconomicso·ci·o·ec·o·nom·ic /ˌsəʊsiəʊekəˈnɒmɪk, ˌsəʊʃiəʊ-, -iːkə-ˌsoʊsioʊekəˈnɑː-, ˌsoʊʃioʊ-, -iːkə-/ adjectiveadjECONOMICS based on a combination of social and economic conditionsResearchers divided respondents into four socioeconomic groups.
his socioeconomic status
—socioeconomically adverbadvDesign and marketing are socioeconomically determined.