which are the things included in living standard
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He must have those commodities and services; over and over again otherwise he would not feel happy. Such things become his daily requirements and constitute what has been called his standard of living. They include his food, dress, house, entertainments, etc. Standard of living is, in short, his mode of living.
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Standard of Living
- Class disparity.
- Poverty rate.
- Quality and affordability of housing.
- Hours of work required to purchase necessities.
- Gross domestic product (GDP)
- Affordable access to quality healthcare.
- Quality and availability of education.
- Incidence of disease.
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