Define standard of living. standard of living synonyms, standard of living pronunciation, standard of living translation, English dictionary definition of standard of living. n. pl. standards of living A level of material comfort as measured by the goods
standard of living(noun) standard of livingnoun Britannica Dictionary definition of STANDARD OF LIVING [singular] :the amount of wealth, comfort, and possessions that a person or group has People in that area enjoy a highstandard of living. [=they have a lot of money and are able to live...
Understand the definition of standard of living. Learn what standard of living is and how standard of living is measured. Know more about the...
Although Country A has a bigger economy, Country B’s GDP per capita, i.e., its standard of living, is higher. GDP per capita is the generally accepted standard of living measure. The letters GDP stand for gross domestic product.GDP per capita is an economy’s GDPdivided by its total ...
“Standard of living.”Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/standard%20of%20living. Accessed 8 Nov. 2024. Copy Citation Share Facebook Twitter Kids Definition standard of living :the necessities, comforts, and luxuries that a person or group...
Definition of standard of living noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
(pl. standards of living)jump to other results the amount of money and level of comfort that a particular person or group has Most people enjoy a high standard of living in this country. Take your English to the next level The Oxford Learner’s Thesaurus explains the difference between ...
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Standard of Living | Definition, Factors & Measurement from Chapter 9 / Lesson 5 79K Understand the definition of standard of living. Learn what standard of living is and how standard of living is measured. Know more about the standard of ...
Standards of living are usually higher indeveloped countries. In fact, basic measures of standard of living, such as per capita GDP, are often used to define the differences between more and less developed countries.Emerging market economiesusually see rising standards of living over time as they ...