Standard of living is the cloth properly being of the common individual in a given population. It is normally measured the use of gross home product (GDP) consistent with capita.
Standard of residing refers to the extent of wealth, comfort, cloth goods, and requirements to be had to a positive socioeconomic elegance or geographic area. Quality of life, on the opposite hand, is a subjective time period which can degree happiness.
Standard of residing is applicable due to the fact it's miles taken into consideration to make contributions to an individual's best of life.
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