Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.
GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.
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The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.