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WordNet-Online
Definitions from WordNet
Noun standard of living has 1 sense
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Definitions from the WebStandard of LivingDescription:The term "standard of living" refers to the level of material comfort, wealth, and necessities enjoyed by individuals, families, or communities within a particular location or society. Sense 1: Measure of Economic Well-beingIn economics, the "standard of living" is used to assess and compare the economic well-being of different nations. It takes into account factors like income, employment rates, access to healthcare, and education. Example Sentence 1: The government's efforts to improve the standard of living have resulted in significant economic growth. Example Sentence 2: The increasing standard of living in the country has led to a rise in consumer spending. Sense 2: Individual or Household ComfortOn an individual or household level, "standard of living" reflects the quality of life in terms of housing, food, clothing, transportation, leisure activities, and other amenities. Example Sentence 1: Moving to a bigger house improved their standard of living and provided more space for their growing family. Example Sentence 2: The family's deteriorating standard of living forced them to cut back on discretionary expenses. Sense 3: Local VariationsThe "standard of living" can also vary from one geographical location to another, influenced by factors like cost of living, public services, and accessibility to resources. Example Sentence 1: The coastal city offers a higher standard of living compared to the rural areas due to better job opportunities and infrastructure. Example Sentence 2: The company provided housing allowances to employees relocating to areas with a higher standard of living. Related Products:Explore related products on Amazon: | ||||
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