Differentiate cost of living from the standard of living?
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Answered by
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Hi.........
. 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.
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. 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.
if it helps u
mark it as brainlist .....:-)
krishna259:
actually this statement is from Google
May be but I had gone through these two difference and just to keep tej amswe short I just wrote the needed one...I
kk
I can elaborate more here of you need..
thanks
no problem i can eloborate
OK...
Answered by
36
Cost of living refers to the cost of maintaining a certain level of living While Standard of living refers to the level of wealth, comfort, material goods and necessities available .
The HDI includes the standard of living also which includes parameters like life expectancy etc..
Norway leads the table in Human Development Index.
The HDI includes the standard of living also which includes parameters like life expectancy etc..
Norway leads the table in Human Development Index.
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