What is the term used to describe the economic and social position of a person based on factors such as income and education?

The term that describes the economic and social position of a person based on factors such as income and education is socioeconomic status. This concept encompasses a variety of elements, including a person's income level, level of education, and overall occupation. Socioeconomic status reflects how these factors contribute to an individual's or group's position within the societal hierarchy, influencing access to resources, opportunities, and overall quality of life.

In contrast, while social stratification refers to the system of hierarchical social classifications within a society, it does not specifically address individual positions based on income and education. Economic mobility focuses on the movement of individuals or families between different socioeconomic statuses over time, rather than their current standing. Class mobility refers specifically to the ability to change one's social class, which is a part of the broader concept of socioeconomic status but does not fully define it. Thus, socioeconomic status is the most accurate term when describing a person’s economic and social position.