Standard of Living
Standard of living generally refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class, in a certain geographic area. An evaluation of standard of living commonly includes the following factors:
Read more: Standard Of Living Vs. Quality Of Life | Investopedia http://www.investopedia.com/articles/financial-theory/08/standard-of-living-quality-of-life.asp#ixzz4DSCMfrd0
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