Standard of Living
The "Standard of Living" refers to the level of wealth, comfort, and access to goods and services that individuals or communities enjoy. It is often measured by factors such as income, employment, and housing quality. A higher standard of living typically indicates better access to essential resources like healthcare, education, and clean water.
Various indicators, such as the Human Development Index (HDI) and Gross Domestic Product (GDP) per capita, help assess the standard of living in different regions. These measurements can highlight disparities between countries or within communities, showing how quality of life can vary significantly based on economic and social conditions.