what does an increase in the standard of living of the population means
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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. ... Such things become his daily requirements and constitute what has been called his standard of living.
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Standard of living is the material well being of the average person in a given population. ... Standard of living and quality of life are similar in that they utilize some of the same data, but standard of living represents a more physical aspect of life while quality of life represents the more intangible aspects of life.
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