The financial health of a population, as measured by the quantity of consumption by the members of that population. The measure most frequently used to estimate standard of living is gross national income per capita. One drawback to the standard of living measurement is that it does not take into account some factors which are important but hard to quantify, such as crime rate or environmental impact.
Related information about standard of living:
- Standard of living - Wikipedia, the free encyclopedia
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.
- Standard of living in the United States - Wikipedia, the free ...
The standard of living in the United States is one of the top 20 in the world by the standards economists use as measures of standards of living. Per capita ...
- Standard Of Living Definition | Investopedia
The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living ...
- standard of living - The Free Dictionary
A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation. standard of living. n. (Economics) a ...
- A Long, Steep Drop for Americans' Standard of Living - CNBC.com
Oct 19, 2011 ... Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has ...
- Industrial Revolution and the Standard of Living: The Concise ...
The standard-of-living debate today is not about whether the industrial revolution made people better off, but about when. The pessimists claim no marked ...
- Standard of living - Merriam-Webster Online
the necessities, comforts, and luxuries enjoyed or aspired to by an individual or group. 2. : a minimum of necessities, comforts, or luxuries held essential to ...
- standard of living: Definition from Answers.com
standard of living n. , pl. , standards of living . A level of material comfort as measured by the goods, services, and.