Salma Ahmed
English Lit. GCSE Student
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The standard of living is the measure of the material well being of the given population.
- Words:
- 1242
- Submitted:
- Tue Nov 04 2003
Have a little read: ... The standard of living is the measure of the material well being of the given population. This would include things such as your properties, motors, incomes etc.... it covers anything that can be given a monetary values and excludes those that cannot e.g. happiness or luck. The standard of living is measured mainly by the GDP per capita and focuses on incomes this provides a general guide to the well -being - materialistically of the population in question. If the GDP were increasing this would suggest that the population is better off, there is more wealth within the economy, one may assume there is fuller employment and people are spending more as more is produced. If people are thought to be better off one assume this to signify that people are happier but this is not necessarily true but as this cannot be measured it has to be sidelined. Health
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