2. Diffrences In standards Living within
countries
Some people have inherited wealth which is handed down from family and
friends
Some people earn a higher income because of the type of the work they
do
Some people own their own business, or have shareholding in business
Some peole prosper because they work harder than others fo because
they are lucky to be doing the right job at the right times
3. Diffrences In standards Living
Between countries
Standards of living depend on how effective an economy is in producing
goods and services
Standards living depend on the provision of health and educational
facilities within countries
Typically citizen of more developed countries have acces to bigger baskets
of goods and welfare service
4. Standards of living and quality of
life
Standard of living refers to the level of wealth, comfort, material
goods, and necessities available to a certain socioeconomic class
or geographic area. Quality of life, on the other hand, is a
subjective term that can measure happiness.
standards of living may be useful for making comparison in terms of
acces to goods and services, they may not be so useful at measuring
quality of live
For example : indicators of life expectancy give a different perspective
on the growth of a society
5. Other factors commonly associated with the standard of living
include:
Class disparity
Poverty rate
Quality and affordability of
housing
Hours of work required to
purchase necessities
Gross domestic
product (GDP)
Affordable access to
quality healthcar
Incidence of disease
Infrastructure
National economic growth
Economic and political
stability
Political and religious
freedom
Environmental quality
Climate
Safety
6. Factors that may be used to measure the quality of life
include the following:
Freedom from slavery and torture
Equal protection under the law
Freedom from discrimination
Freedom of movement
Freedom of residence within
one's home country
Presumption of innocence unless
proved guilty
Right to marry
Right to have a family
Right to rest and leisure
Right to education
Right to be treated equally without
regard to gender, race, language,
religion, political beliefs, nationality,
socioeconomic status, and more
Right to privacy
Freedom of thought
Freedom of religion
Free choice of employment
Right to fair pay
Equal pay for equal work
Right to vote
Right to human dignity