Question

................means minimum level of income needed to achieve an adequate standard of living fill in the blank​

Answer 1

Living wage means minimum level of income needed to achieve an adequate standard of living.

Explanation:

• Living wage is socially acceptable income which helps the family from falling into the hands of poverty.
• In living wage, 30% of the income is spend on house rent or mortgage which is many time greater than the poverty level.
• The living wage is always more than the minimum wages.
• There are many arguments regarding the living wages. In positive side, it reduces the staff turnover. In negative side, the companies may reduces the number of employment as it increases the wages.