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The standard of living of a nation can be gauged from the facts how many percentage of population are able to meet the bare necessities of life :- two square meals a day, decent clothing, roof over head, access to safe drinking water. It would be such a society where average children will not suffer from malnutrition, average women folk with have healthy food to eat. Standard of living cannot be judged by the number of population a country has. Thus, the standard of living of Sweden, Denmark, Japan is much higher compared with vast populace country like China, India.
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How do computers improve the standard of living?
Computer's are the new standard living
What does a standard of living measure?
A standard of living measure is the economic position of the individual.
How are standard of living and GDP related?
Usually, the higher the GDP, the higher the standard of living.
How does population growth affect the standard of living?
The standard of living increases with the density of the population. A higher standard of living comes from an efficient division of labor and increased trade. When each member of a society is allowed to do what they can do with the greatest competitive advantage and freely trade the results of their labor and other resources with others who do the same it results in the highest possible standard of living. A larger population provides for a more efficient use of resources, including labor, by increasing the opportunity of trading what one does best for that produced by another. Examples of high population density with a lower standard of living, when found, can be explained by restrictions placed on the trade or interactions of the people.
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
