standard of living
The financial health of a population, as measured by the quantity of consumption by the members of that population. The measure most frequently used to estimate standard of living is gross national income per capita. One drawback to the standard of living measurement is that it does not take into account some factors which are important but hard to quantify, such as crime rate or environmental impact.
Related Terms
Related Terms on BusinessDictionary
Popular 'Economy' Terms
Related Personal Finance Articles
Loading...
standard of living in the news
Loading...
standard of living is ...
... part of the Economy subject.
Nearby Terms
Search volume for standard of living
standard of living is mentioned in these Investment Tips
Get our content on your iGoogle page
RSS