Collect data about standard of living 20 families
Answers
Standard of living’ refers to the necessaries, comforts and luxuries which a person is accustomed to enjoy.
In other words, standard of living of the people means the quantity and quality of their consumption.
We know that if a person satisfies some wants in a particular manner long enough, they recur and become habits.
He must have those commodities and services; over and over again otherwise he would not feel happy. Such things become his daily requirements and constitute what has been called his standard of living. They include his food, dress, house, entertainments, etc. Standard of living is, in short, his mode of living.
The standard of living of a person is not determined only by himself or according to his own whims and desires. He has also to consider what society expects of him. It is thus a compromise between what he himself likes and what the society expects.