Significance of Living standard

Living standard refers to the comparative analysis of quality of life experienced by different societal classes, incorporating factors such as wealth, comfort, and access to material goods. It encompasses the necessities available to specific socioeconomic classes or geographic areas, aiming for improvements through policies. Additionally, it measures economic comfort and general quality of life, influenced by economic growth, social development, and even marketing practices. Thus, living standard reflects the lifestyle and resources accessible to communities or individuals.

Synonyms: Quality of life, Standard of living, Lifestyle, Wellbeing, Comfort level, Socioeconomic status

In Dutch: Levensstandaard; In Finnish: Elintaso; In Spanish: Nivel de vida; In German: Lebensstandard

The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.

Hindu concept of 'Living standard'

The concept of Living standard in local and regional sources

The concept of Living standard in scientific sources