Socio-economic development is a process of social and economic advancement in a society. It involves improvements in various aspects of people's lives, including:

• Economic well-being: Increased income, employment opportunities, and access to goods and services.
• Social progress: Improvements in health, education, social inclusion, and overall quality of life.
• Infrastructure Development: Better infrastructure helps grow productivity and create jobs, according to the World Bank World Bank Source

Socio-economic development aims to create a society where individuals have opportunities to fulfill their potential, participate fully in social and economic life, and enjoy a decent standard of living.