Concept information
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population characteristics
socioeconomic factors
poverty
measurements and definitions of poverty
Preferred term
standard of living
Definition
- STANDARD OF LIVING refers to the overall or aggregate wealth of an individual or a representative member of a larger community. Initially viewed in purely monetary terms, the concept is now considered to be more appropriately treated in broader terms, including subjective measures of well-being and opportunity. [Source: Encyclopedia of World Poverty; Standard of Living]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/standard_of_living
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