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Standard of living is how-well off a person or a country is

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9y ago

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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.

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13y ago
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It means that the country is very developed compared to the rest of the world, such as the US, most of Europe, Canada, Australia, etc.

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15y ago
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How much an average person can afford to buy :)

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It is based on how many consumer goods a person possesses

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13y ago
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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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10y ago
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The Degree of Wealth!

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9y ago
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making enough money 2 live on comfortably

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Wiki User

12y ago
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Q: What does high standard of living mean?
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