Find more similar words at wordhippo.com! ‘Childcarers deserve a decent standard of living and parents deserve peace of mind and a decent standard of living too.’ ‘You will have to work harder to get the same products, and your standard of living will be harmed.’ ‘This meant that doctors had to see more patients if they were to maintain a good standard of living.’ It is used to determine the relative prosperity of a demographic group in a country. The standard of living on the other hand is a country’s indication of general comfort, necessities, and, … standard [stan´dard] something established as a measure or model to which other similar things should conform. STANDARD, in war. For the purposes of economics, politics and policy, it is usually compared across time or between groups defined by social, economic or geographical parameters. A weight or measure of certain dimensions, to which all other weights and measures must correspond; as, a standard bushel. Standard of living is a tangible, quantifiable term that refers to factors available to a certain socioeconomic class or geographic area. Literacy Rate. standard of living, level of consumption that an individual, group, or nation has achieved. Standard of Living, as the name suggests is the degree to which a particular socio-economic class can avail the wealth, comfort and material items, in a particular area. income per person in a country. Standard of Living vs Quality of Life Standard of living measurements tend to be focused on economic factors such as income, wealth, poverty rate and affordability of housing or a standard basket of goods. 23. An ensign or flag used in war. Standard of Living. The baseline measure is real national output per head of population or real GDP per capita or gross national income per capita Christmas 2020 last order dates and office arrangements Learn more › ‘Childcarers deserve a decent standard of living and parents deserve peace of mind and a decent standard of living too.’ ‘You will have to work harder to get the same products, and your standard of living will be harmed.’ ‘This meant that doctors had to see more patients if they were to maintain a good standard of living.’ Synonyms for standard of living include standard of comfort, standard of life, level of comfort, way of life, lifestyle, living conditions, means, wealth, level of affluence and modus vivendi. Standard of Living. Alternatively, the term is applied specifically to a measure of the consumption of goods and services by an individual or group, sometimes called “level of living” (what is) as opposed to “standard” (what is desired). 24. 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