Skip to main content

Search from vocabulary

Content language

Concept information

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]

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/standard_of_living

Download this concept: