Babylon 10
The world's best online dictionary

Download it's free

Definition of Standard of living

Babylon English

degree of wealth and comfort that is available to a person, degree of material goods and necessities available to a certain social class in a specific geographic area, amount of enjoyment and pleasure that a person can get for his money
Standard of living Definition from Business & Finance Dictionaries & Glossaries
Raynet Business & Marketing Glossary
the level of material well-being of an individual or household.
Copyright © 2001, Ray Wright
Standard of living Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
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. The standard of living includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, number of holiday days per year, affordable (or free) access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability, political and religious freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life. In 2013, the Human Development Index ranked the top six countries for quality of living as: Norway, Australia, Switzerland, Netherlands, United States and Germany.

See more at
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License and under the Creative Commons Attribution-ShareAlike License
Standard of living Definition from Sports Dictionaries & Glossaries
The level of material affluence of a nation as measured by per capita output
Standard of living Definition from Language, Idioms & Slang Dictionaries & Glossaries
WordNet 2.0

1. a level of material comfort in terms of goods and services available to someone
(synonym) standard of life
(hypernym) degree, level, stage, point