income per person in a country. Standard of Living, as the name suggests is the degree to which a particular socio-economic class can avail the wealth, comfort and material items, in a particular area. Instead, it embodied the ideal of how middle-class Americans wanted to live. 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. Literacy Rate. ‘Childcarers deserve a decent standard of living and parents deserve peace of mind and a decent standard of living too.’ ‘You will have to work harder to get the same products, and your standard of living will be harmed.’ ‘This meant that doctors had to see more patients if they were to maintain a good standard of living.’ standard [stan´dard] something established as a measure or model to which other similar things should conform. 23. Factors that determine a standard of living include income, physical health, quality of the environment, housing availability, life expectancy, personal safety, and access to education, medical facilities, and social services. 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. Living standard definition: Living standards or living standard is used to refer to the level of comfort in which... | Meaning, pronunciation, translations and examples The cost of living is the cost that maintains a given level of living in a particular geographical area. The Key Differences between Cost of Living and Standard of Living Definition. Standard of living refers to the material basis of well-being, which is reflected in a person’s consumption level. standard of living - translate into Czech with the English-Czech Dictionary - Cambridge Dictionary STANDARD, in war. The evaluation of a standard of living is relative, depending upon the judgment of the observer as to what constitutes a high or a low scale. The standard of living on the other hand is a country’s indication of general comfort, necessities, and, … 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. STANDARD, measure. Standard of living is the level of comfort, material goods, and other whims available [clarification needed] to a person or group. Quality of life is the standard of … A weight or measure of certain dimensions, to which all other weights and measures must correspond; as, a standard bushel. Standard of Living. standard of living in A Dictionary of Economics (3) Length: 119 words in A Dictionary of Environment and Conservation Length: 28 words The term was not a precise measure of how people lived. The standard of living in the United States is high by the standards that most economists use, and for many decades throughout the 20th century, the United States was recognized as having the highest standard of living in the world. n. pl. 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 is a measure of economic welfare. 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. 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