A standard of living is the level of material comfort, or quality of life, enjoyed by an individual or group. Infant Mortality Rate. Definition of standard of living written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. standard of living - translate into Czech with the English-Czech Dictionary - Cambridge Dictionary STANDARD, in war. The standard of living is a measure of economic welfare. Alternatively, the term is applied specifically to a measure of the consumption of goods and services by an individual or group, sometimes called “level of living” (what is) as opposed to “standard” (what is desired). Standard of living refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. proportion of population over fifteen that can read and write. standard-of-living | definition: a level of material comfort in terms of goods and services available to someone or some group | synonyms: standard of life, stage, level, degree, point| antonyms: low, mild, high, intense, immoderation Standard of living is the level of comfort, material goods, and other whims available [clarification needed] to a person or group. ADVERTISEMENTS: We know that if a person satisfies some wants in a particular manner long enough, they recur and […] Standard of Living Law and Legal Definition Standard of living is a measurement of material comfort of an individual, group, or nation, as measured by the goods, services, and luxuries available. Find more similar words at wordhippo.com! Recent Examples on the Web Investment in infrastructure can help raise living standards and realize human rights through improved access to basic services and employment. Quality of life is the standard of … Literacy Rate. The cost of living is the cost that maintains a given level of living in a particular geographical area. Synonyms for standard of living include standard of comfort, standard of life, level of comfort, way of life, lifestyle, living conditions, means, wealth, level of affluence and modus vivendi. 23. The Key Differences between Cost of Living and Standard of Living Definition. They may also include measurable aspects of lifestyle, community life, health, freedom, climate and safety. Because of this, academics and policy analysts often use real income as a proxy to measure living standard. n. pl. A popular measurement of standard of living is gross national income per capita. In other words, standard of living of the people means the quantity and quality of their consumption. standard of living, level of consumption that an individual, group, or nation has achieved. Standard of living definition: Your standard of living is the level of comfort and wealth which you have. The standard of living refers to the level of wealth, comfort, necessities, and material goods available to a particular geographic area. Standard of living, in social science, the aspirations of an individual or group for goods and services. Coined in 1902, the term "standard of living" grew popular in early twentieth-century America. Standard of Living. There are three types of standards in health care: structure, process, and outcome standards. | Meaning, pronunciation, translations and examples It generally refers to the availability of scarce goods and services, usually measured by per capita income or per capita consumption, calculated in constant dollars, to satisfy wants rather than needs. When economists talk about the standard of living, they are referring to the average quantity (and quality) of goods and services that people in a country can afford to consume.Since real GDP measures the quantity of goods and services produced, it is common to use GDP per capita, that is real GDP divided by population, as a measure of economic welfare or standard of living in a nation. The standard of living on the other hand is a country’s indication of general comfort, necessities, and, … Culture standards of living standards of living Even though the number of people living in poverty is continuing to grow, the majority of British people still have the high standard of living of an industrialized western country. What he wants is a switch to a market economy in a way which does not reduce people's standard of living. Scientific research is widely claimed to be the source of the high standard of living in the US. standard of living in A Dictionary of Economics (3) Length: 119 words in A Dictionary of Environment and Conservation Length: 28 words Definition of Standard of Living. 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