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- DictionaryStand·ard of liv·ing/ˈstændərd əv/
noun
- 1. the degree of wealth and material comfort available to a person or community.
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May 8, 2024 · The meaning of STANDARD OF LIVING is the necessities, comforts, and luxuries enjoyed or aspired to by an individual or group. How to use standard of living in a sentence.
Apr 28, 2024 · Standard of living is the material well being of the average person in a given population. It is typically measured using gross domestic product (GDP) per capita.
Feb 7, 2023 · The standard of living in the United States is a measure of how well people and families are doing. It looks at things like how much money they make from wages and income, help they get from the government like Medicaid and unemployment insurance, how many people are living in poverty, and how much it costs to run a household.
Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality of life.
standard of living, in social science, the aspirations of an individual or group for goods and services. Alternatively, the term is applied specifically to a measure of the consumption of goods and services by an individual or group, sometimes called “level of living” (what is) as opposed to.
What is the Standard of Living? The standard of living is a term used to describe the level of income, necessities, luxury, and other goods and services that are generally readily available to a designated population.
STANDARD OF LIVING definition: 1. the amount of money and comfort people have in a particular society: 2. the amount of money and…. Learn more.
STANDARD OF LIVING meaning: 1. the amount of money and comfort people have in a particular society: 2. the amount of money and…. Learn more.
Standard of living definition, a grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual: The well-educated generally have a high standard of living. See more.
Standard of living definition: a grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual. See examples of STANDARD OF LIVING used in a sentence.
