WebThe 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.

WebMay 08, 2022 · Standard Of Living: A standard of living is the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area. The standard of ...

WebOct 08, 2020 · The standard of living and quality of life are frequently evaluated using several factors considered common to both metrics. The primary difference between the two metrics is that standard of living is a more readily quantifiable term, focused more on purely material factors, while the quality of life is typically a more subjective evaluation ...

WebMay 13, 2022 · The standard of living by country depends on who's doing the measuring and how it's being measured. The CIA World Factbook ranks every country in the world using GDP per capita. 9 For 2017 the rankings revealed: The highest was Luxembourg, at $117,846.1 per person. The lowest was Burundi, at $771.2 per capita.

Webstandard 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 “standard” (what is desired). Both include privately purchased items as well …

Webstandard of living: 1 n a level of material comfort in terms of goods and services available to someone or some group “they enjoyed the highest standard of living in the country” “the lower the standard of living the easier it is to introduce an autocratic production system” Synonyms: standard of life Type of: degree , level , point , stage a ...

WebBritannica Dictionary definition of STANDARD OF LIVING. [singular] : the amount of wealth, comfort, and possessions that a person or group has. People in that area enjoy a high standard of living. [=they have a lot of money and are able to live very comfortably] raising/lowering/improving our standard of living. What are the plural forms of.

WebStandard 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.

WebApr 20, 2022 · The definition of standard of living is the level of material wealth and income available to a person or community. It is usually measured by standards such as life expectancy, literacy rates ...

WebWhat does standard of living mean? Information and translations of standard of living in the most comprehensive dictionary definitions resource on the web. Login