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Ad libitum [116K]
3 years ago
14

Why is standard of living important

Geography
2 answers:
Ad libitum [116K]3 years ago
6 0
Exactly, couldn't have said it better myself @above answer.
spayn [35]3 years ago
3 0
Standard of living<span> refers to the material basis of well-being, which is reflected in a person's consumption level. Because of this, academics and policy analysts often use real income as a proxy to measure </span>living standard<span>. </span>Standard of living<span>, in turn, is one of the </span>important<span> determinants of well-being or happiness. :)</span>
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