socioeconomic development:

... refers to a monitored, manipulated or encouraged ... process that brings about changes in locations where people live, work, and share things in common (source of quote) as relating to or giving consideration to both social and economic factors. Within the community the process may be experienced as it happens without apparent cause--an insight stemming from a paraphrased definition of economic development.

Socio as a prefix (socio-economic) stands for social. Answers.com provides an insight to the meaning of social and lists social factors. The word locations in the above paragraph is followed by a phrase that refers to community. Indicating that community and location are in the same place specifically refers to a geography occupied by a socioeconomic group.

Cambridge Dictionaries Online provides a definition of socioeconomic.

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Is the term socioeconomic or socio-economic?

Either way it refers to the words social and economic combined as factors or consideration given. Socioeconomic seems to be more commonly used. Here is a link to an an example of socio as a prefix in use: Socio-Economic Impact Analysis

The above example is the title of a document provided online by LICGF (Land information & Computer Graphics Facility), University of Wisconsin, Madison, WI. The document also answers the question: What is socio-economic impact assessment?

Page up to the definition of socioeconomic development with explanation of what socio means. Suggestions of search phrases are provided below in case you want to query the Web for more information about socioeconomic and socio-economic.

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FYI: definition of socio-economic development definition of socioeconomic development define socioeconomic development define socioeconomic define socio-economic status define socioeconomic status define socio-economic group define socioeconomic community group group define socio-economic factors define socioeconomic factors definition of socioeconomic analysis definition of socioeconomic assessment define socioeconomic level define socioeconomic levels what is the location of a socioeconomic development group gathers as a community