Question

Differences between cost of living and standard of living

Answer 1

The key difference between cost of living and standard of living is that cost of living is the cost of maintaining a certain level of living in a specific geographical region whereas standard of living is the level of wealth, comfort, material goods and necessities available in a geographical region, typically a country.

Answer 2

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✭✮ӇЄƦЄ ƖƧ ƳƠƲƦ ƛƝƧƜЄƦ✮✭

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❥Standard of living refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or geographic area. Quality of life, on the other hand, is a subjective term that can measure happiness.

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✭Hòpè Ìt Hèĺp§.. Fòĺĺòw @Kaniskaa16✭

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