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standard of living |
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standard of livingIn economics, the measure of consumption and welfare of a country, community, class, or person. Individual standard-of-living expectations are heavily influenced by the income and consumption of other people in similar jobs. Universal measures of standards of living cannot be applied to individuals. National income and gross national product, which measure a country's wealth, do not take into account unpaid work (housework and family labour) or quality of life and do not show the distribution of wealth or reflect the particular national or individual aspirations, duties, or responsibilities, which differ widely from person to person, class to class, and country to country. |
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| civil society is non-existent, and living standards are equivalent to those of Haiti; Unions are about protecting and improving the livelihoods and living standards of working Australians and that is what collective bargaining does. Even though the authors, in their new introduction, seem to see improvements in the living standards and economic and educational opportunities of the Spokane, the tale, overall, is a sad one. |
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