What is the difference between the standard of living and the quality of life?
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Difference Between Quality of Life and Standard of Living
Difference Between Quality of Life and Standard of LivingDecember 9, 2015 3:52 pm
Difference Between Quality of Life and Standard of LivingDecember 9, 2015 3:52 pmQuality of life is another measure of economic development.Quality of life and standard of living should not be confused as synonyms of each other,even when one supports the other.
Difference Between Quality of Life and Standard of LivingDecember 9, 2015 3:52 pmQuality of life is another measure of economic development.Quality of life and standard of living should not be confused as synonyms of each other,even when one supports the other.Quality of Life Standard of Living
Difference Between Quality of Life and Standard of LivingDecember 9, 2015 3:52 pmQuality of life is another measure of economic development.Quality of life and standard of living should not be confused as synonyms of each other,even when one supports the other.Quality of Life Standard of Living(i) Quality of life not only refers to the level of consumption, but also the degree of freedom, civil liberties, leisure(s) and pleasures in life, as well as the freedom of choice.
(i) Standard of living generally refers to the level of consumption of goods and services. High level of consumption of goods and services implies high standard of living.
(i) Standard of living generally refers to the level of consumption of goods and services. High level of consumption of goods and services implies high standard of living.(ii) It does not exclusively depend on the level of income: Higher level of income does not necessarily mean better quality of life.(Quality )
(ii) It exclusively depends on the level of income: Higher level of income ensures higher standard of living. (Standard)
(iii) Quality of life refers to the completeness of life.
(iii) Standard of living refers to the richness of life.
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