The World, Explained · 45 sec
Standard of living
A small piece of context that makes the wider world easier to read.
The useful idea
- The useful idea
Standard of living is the level of income, comforts and services available to an individual, community or society.
- How it works
A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political,
- Why it matters
Individuals or groups use the standard of living to evaluate where to live in the world, or when assessing the success of society.
Why this matters
Use Standard of living as context when interpreting events and claims about the world.
Try this
Use Standard of living as context when interpreting events and claims about the world.
Test your recall
Which idea belongs to the explanation of Standard of living?
- How it works
- The useful idea — correct
- Why it matters
Standard of living is the level of income, comforts and services available to an individual, community or society.