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dictionary.reference.com had this to say:

"a grade or level of subsistence and comfort in everyday life enjoyed by a community, class, or individual: The well-educated generally have a high standard of living. "

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15y ago
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15y ago

How much an average person can afford to buy.

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10y ago

A standard of living refers to the amount of material comfort and wealth available to a community, individual, or socioeconomic class in specific areas. It includes necessities and luxuries.

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Q: What is the definition of Standard of Living?
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