The Standard of Living is defined as to the level of riches, comfort, material merchandise, and necessities accessible to a specific financial class in a specific geographic territory, normally a nation. The way of life incorporates many factors, such as, wage, quality and accessibility of business, class divergence, neediness rate, quality and reasonableness of lodging, hours of work required to buy necessities, total national output, swelling rate, measure of relaxation time each year, moderate access to quality human services, quality and accessibility of instruction, future, rate of illness, cost of merchandise and enterprises, foundation, national monetary development, financial and political dependability, political and religious opportunity, natural quality, atmosphere and security.
The correct answer is standard of living. Standard of living
is defined in a way that it focuses on one’s degree in regards of the person’s
wealth and even the material comfort, necessities and material goods available to
the person or the community.
The law of supply states<span> that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the </span>law<span> of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.</span>
The moral degeneration of his fellow people, and his own quest for a true religion further lent fuel to this, with the result that he now began to withdraw periodically to a cave named Mount Hira, three miles north of Mecca, for contemplation and reflection.
