Living Standards (Noun)
Meaning
A level of material comfort in terms of goods and services available to someone or some group; "they enjoyed the highest standard of living in the country"; "the lower the standard of living the easier it is to introduce an autocratic production system".
Classification
Nouns denoting natural processes.
Examples
- Improved access to education is seen as a way to increase living standards in developing countries like Nepal.
- Economists argue that taxes are needed to support government spending that benefits low-income people and helps raise their living standards.
- Because of the financial crisis, millions of people around the world have seen their living standards decline over the last year.
- Brazil's growth has lifted millions of Brazilians out of poverty and improved their living standards, but it also brought to light new social problems.
- Measures of poverty, health, and living standards show that many African nations have made significant progress, although big challenges remain.