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The standard of living is a measure of the consumption of goods and services that individuals and groups privately and/or collectively can achieve.
How much an average person can afford to buy :)
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It is based on how many consumer goods a person possesses
The standard of living concept is defined as the level of wealth and material goods available to specific socioeconomic class. The standard of living differs mainly across geographic regions.
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What the standard of living is in Greece?
The standard of living in Greece is high for the most part. Places like Athens and other larger cities the costs are high and so is the standard. There are some cities in Greece that the standard of living is low with lower rent but also lower salary, higher unemployment and lower food cost.
Why do the Czechs have a high standard of living?
because when king charles signed the declaration of leadership the towns gained more resources from allies and from local places
What is the standard of living in America?
Most Anglo-Americans have a high standard of living. They have easy access to water, electricity, food, shelter, education, clothes, economic stability, peace, generally non-corrupt public officials, etc. However, US Americans in contrast to Canadians, do not have a number of social protections.
What Central American country has the highest standard of living?
Still considered a developing country, Costa Rica has the highest standard of living in Central America.
Name one National Power?
One major national power is the United States. It has the largest military, highest gross domestic product, and a very high standard of living.
What is western Europe Standard of Living?
has a high standard of living.
How does the literacy rate affect the standard of living in Africa?
high standard of living= high GDP and vice versa
Is madagascar's standard of living high or low?
the answer is high
Why do people of Singapore enjoy a high standard of living?
Peole in Singapore enjoy a high standard living it has one of the most productive economics.
What is South Africa's standard of high or low?
low standard of living
Does the Brunei has high standard of living?
yes
Difference between high standard of living and high cost of living?
The cost of living is the cost maintaining a certain standard of living. The standard of living refers to he level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living is closely related to the quality of life.
What is Italy's overall standard of living?
Italy has a high standard of living, the 18th highest in the world and the 13th in Europe. It is a developed country with the living standard equivalent to that of Liechtenstein.
Switzerland do they have high or low standard of living?
Switzerland has a high standard of living, characterized by a high GDP per capita, high quality healthcare, excellent education systems, and overall high quality of life for its residents. Its strong economy, stable political environment, and high levels of safety contribute to its reputation as a country with a high standard of living.
Is Egypt's standard of living high or low?
low
Which place is more expensive - Germany or Switzerland?
Switzerland due to its extremely high standard of living. Germany has an excellent standard of living, comparable to the US, but Switzerland's living standard is higher.
Advanced economy high standard of living high human development?
Developed
