Question

What is the difference between standard of living and quality of life?

Answer 1

The difference between standard of living and quality of life.

• The degree of wealth, comfort, material things, and necessities that are accessible to a particular socioeconomic class or geographic location is referred to as the standard of life. On the other hand, quality of life is a personal concept that can gauge happiness.
• While quality of life is the patient's own subjective assessment of happiness and satisfaction with life, standard of living reflects the objective factor of how well basic demands of life are provided.
• The typical person's material well-being in a given population is referred to as their standard of living. Typically, gross domestic product (GDP) per capita is used to measure it.
• Three sub-dimensions are used to measure material living standards: income, consumption, and material circumstances (deprivation and housing). Since it affects the majority of the other variables in the framework, income is a crucial indicator.
• Gross domestic product, poverty rate, and environmental quality are all indicators of living standards that can be quantified and measured, whereas equal protection under the law, freedom from discrimination, and freedom of religion are indicators of quality of life that are more challenging to quantify.

#SPJ2

Answer 2

Answer:

Difference between standard living and quality living is:

Explanation:

• The main difference between standard living quality living is:
• Standard living is measure in terms of wealth, income, luxury and comfort.
• Quality life is concerned with the general well- being of individuals and societies.
• Quality life is way better than standard living because- Standard of living implies to the level of welfare provided to the resident of the country while quality of living indicate the welfare and well being of person or group.
• Example of quality living is- income and job, house, good education, balance in work and life, infrastructure and services, access to cultural and leisure activities.
• Standard of living is also known as standard of comfort.
• Country's like Finland, Denmark, Norway, Switzerland, France are the top countries for quality of life.

#SPJ5

https://brainly.in/question/53597178