living standards Flashcards
(5 cards)
1
Q
material standards
A
degree of wealth and material comfort
(quantity of g/s produced in economy)
2
Q
what are living standards?
A
helps improve our collective and individual standards of living both material and nonmaterial
3
Q
non-material standards
A
quality of life
not based on the amount of money in life (hard to measure)
4
Q
example of material standards
A
lots of food, housed, clothes (comfort in materials)
5
Q
example of non material standards
A
-low crime rates
-happiness
-healthy environment
-democracy
