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Standard of living is a tangible, quantifiable term that refers to factors available to a certain socioeconomic class or geographic area. standard of living in A Dictionary of Economics (3) Length: 119 words in A Dictionary of Environment and Conservation Length: 28 words Standard of Living. When economists talk about the standard of living, they are referring to the average quantity (and quality) of goods and services that people in a country can afford to consume.Since real GDP measures the quantity of goods and services produced, it is common to use GDP per capita, that is real GDP divided by population, as a measure of economic welfare or standard of living in a nation. Literacy Rate. In other words, standard of living of the people means the quantity and quality of their consumption. Culture standards of living standards of living Even though the number of people living in poverty is continuing to grow, the majority of British people still have the high standard of living of an industrialized western country. death rate during the first year of life. standard-of-living | definition: a level of material comfort in terms of goods and services available to someone or some group | synonyms: standard of life, stage, level, degree, point| antonyms: low, mild, high, intense, immoderation Standard of Living, as the name suggests is the degree to which a particular socio-economic class can avail the wealth, comfort and material items, in a particular area. Instead, it embodied the ideal of how middle-class Americans wanted to live. Definition of Standard of Living. standard of living - translate into Czech with the English-Czech Dictionary - Cambridge Dictionary Infant Mortality Rate. standard of living, level of consumption that an individual, group, or nation has achieved. Standard of Living Law and Legal Definition Standard of living is a measurement of material comfort of an individual, group, or nation, as measured by the goods, services, and luxuries available. The standard of living measures our material welfare. What he wants is a switch to a market economy in a way which does not reduce people's standard of living. Quality of life is the standard of … They may also include measurable aspects of lifestyle, community life, health, freedom, climate and safety. Standard of living is the level of comfort, material goods, and other whims available [clarification needed] to a person or group. Standard of Living vs Quality of Life Standard of living measurements tend to be focused on economic factors such as income, wealth, poverty rate and affordability of housing or a standard basket of goods. An ensign or flag used in war. Scientific research is widely claimed to be the source of the high standard of living in the US. standard of living the general level of economic prosperity in an economy as measured by, for example, the level of per capita income (GROSS NATIONAL PRODUCT divided by the size of the POPULATION).A country's standard of living will depend on such things as its level of economic maturity, investment and productivity and the provision by the government of various social welfare … The standard of living is a measure of economic welfare. ADVERTISEMENTS: We know that if a person satisfies some wants in a particular manner long enough, they recur and […] ADVERTISEMENTS: Meaning: Standard of living’ refers to the necessaries, comforts and lux­uries which a person is accustomed to enjoy. ‘Childcarers deserve a decent standard of living and parents deserve peace of mind and a decent standard of living too.’ ‘You will have to work harder to get the same products, and your standard of living will be harmed.’ ‘This meant that doctors had to see more patients if they were to maintain a good standard of living.’ Standard of Living. Standard of living definition: Your standard of living is the level of comfort and wealth which you have. Your standard of living depends on your income and also on the amount of leisure you have. ‘Childcarers deserve a decent standard of living and parents deserve peace of mind and a decent standard of living too.’ ‘You will have to work harder to get the same products, and your standard of living will be harmed.’ ‘This meant that doctors had to see more patients if they were to maintain a good standard of living.’ GDP per capita. proportion of population over fifteen that can read and write. There are three types of standards in health care: structure, process, and outcome standards. 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 “standard” (what is desired). standard of living the general level of economic prosperity in an economy as measured by, for example, the level of per capita income (GROSS NATIONAL PRODUCT divided by the size of the POPULATION).A country's standard of living will depend on such things as its level of economic maturity, investment and productivity and the provision by the government of various social welfare … The statistical notion of living standard (or “equivalent income” or “income per consumption unit”) is intended to make comparable the economic well-being of households of different sizes and composition. STANDARD, in war. Standard of living, in social science, the aspirations of an individual or group for goods and services. Synonyms for standard of living include standard of comfort, standard of life, level of comfort, way of life, lifestyle, living conditions, means, wealth, level of affluence and modus vivendi. The evaluation of a standard of living is relative, depending upon the judgment of the observer as to what constitutes a high or a low scale. 23. Structure refers to evaluation of the setting in which care is rendered and the resources that are available. Find more similar words at wordhippo.com! n. pl. The term was not a precise measure of how people lived. Standard of Living What It Means. Living standard definition: Living standards or living standard is used to refer to the level of comfort in which... | Meaning, pronunciation, translations and examples Standard of living refers to the material basis of well-being, which is reflected in a person’s consumption level. A weight or measure of certain dimensions, to which all other weights and measures must correspond; as, a standard bushel. Definition of standard of living written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. STANDARD, measure. The standard of living on the other hand is a country’s indication of general comfort, necessities, and, … Standard of living refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The Key Differences between Cost of Living and Standard of Living Definition. The standard of living refers to the level of wealth, comfort, necessities, and material goods available to a particular geographic area. 24. Coined in 1902, the term "standard of living" grew popular in early twentieth-century America. A standard of living is the level of material comfort, or quality of life, enjoyed by an individual or group. standard [stan´dard] something established as a measure or model to which other similar things should conform. It is used to determine the relative prosperity of a demographic group in a country. | Meaning, pronunciation, translations and examples Living standard synonyms, Living standard pronunciation, Living standard translation, English dictionary definition of Living standard. income per person in a country. Factors that determine a standard of living include income, physical health, quality of the environment, housing availability, life expectancy, personal safety, and access to education, medical facilities, and social services. 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