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- Examples of material living standards include:
- The car we drive
- The house we live in
- The food we eat
- Income
- Gross domestic product (GDP)
- Life expectancy
- Economic opportunity12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Material living standards refer to our access to physical goods and services. The car we drive, the house we live in and the food we eat are all examples of physical possessions that contribute to our material living standards.www.oup.com.au/__data/assets/pdf_file/0026/5815…The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity.”marketbusinessnews.com/financial-glossary/stand… - People also ask
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WEBJun 26, 2020 · 5 Examples of Standard Of Living. John Spacey, June 26, 2020. Standard of living is the level of material comfort of a population. This can be contrasted with quality of life that represents well-being. Standard of living is often measured with GDP per …
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WEBThe car we drive, the house we live in and the food we eat are all examples of physical possessions that contribute to our material living standards.
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