The term "Standard of Living" refers to the level of comfort and quality of life that individuals or communities experience. It encompasses various factors such as income, employment, education, and access to basic services like healthcare and housing. A higher standard of living typically means people can afford better amenities, enjoy leisure activities, and have a healthier lifestyle. When comparing different regions or countries, the standard of living can vary significantly. For example, a person living in a wealthy city like New York may have access to more resources and opportunities than someone in a rural area. Understanding these differences helps us appreciate the diverse experiences of people around the world.