explain the tern living standard
Answers
Answer:
An individual’s or a socioeconomic class’s standard of living is the level of wealth, comfort, material goods, and necessities available to them in a certain geographic area, usually a country. The standard of living includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, amount of leisure time every year, affordable (or free) access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability,freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life.........!!!!!!!!!!
Answer:
Living standards or living standard is used to refer to the level of comfort in which people live, which usually depends on how much money they have.