Standard of living

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  • a level of material comfort in terms of goods and services available to someone or some group; "they enjoyed the highest standard of living in the country"; "the lower the standard of living the easier it is to introduce an autocratic production system" http://wordnet.princeton.edu/perl/webwn
  • The level of well-being (of an individual, group or the population of a country) as measured by the level of income (for example, GNP per capita) or by the quantity of various goods and services consumed (for example, the number of cars per 1,000 people or the number of television sets per ... http://www.worldbank.org/depweb/english/beyond/global/glossary.html
  • degree of prosperity in a nation, as measured by income levels, quality of housing and food, medical care, educational opportunities, transportation, communications, and other measures. The standard of living in different countries is frequently compared based on annual per capita income. ... http://www.pbucc.org/interior_art.asp