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Meaning of standards of living

 

 

 

Standards of living

 

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Business glossary

 

Meaning of term standards of living :

 

Living standards are the quality of peoples lives. Living standards will depend on the level of incomes as well as other measures like the number of doctors, nurses, teachers and so on. The standard of living can be measured as national income per capita.

 

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Standards of living

 

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