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- Examples of indicators used to measure the standard of living include12:
- Income: Higher income usually implies a greater ability to afford a comfortable lifestyle and meet basic needs.
- Access to Education and Healthcare: A quality education and access to adequate healthcare are crucial components of a good standard of living.
- Access to goods and services: This includes access to items like refrigerators, which can impact daily life.
- Life expectancy: Longer life expectancy is generally associated with a higher standard of living.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Examples are access to certain goods (such as the number of refrigerators per 1000 people), or measurement of health such as life expectancy. It is the ease by which people living in a time or place are able to satisfy their needs and/or wants.en.wikipedia.org/wiki/Standard_of_livinglivewell.com/finance/standard-of-living-definition-ho… - People also ask
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cash backStandard of living - Wikipedia
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