The Living Standard – a Basic Ingredient of the Life Quality

Claudia Bentoiu, Cristina Athu and Andreea-Monica Predonu ()

Knowledge Horizons - Economics, 2016, vol. 8, issue 1, 142-144

Abstract: Living standard depends on the economic development level of every country, on the participation at the labour process, on the capabilities, abilities and the quality level of the carried out activities as well as on every person’s position regarding the income sources. Though the two terms are much the same, the living standard is a basic ingredient of the life quality, so that the relation between the living standard and the life quality reflects the connection between a part and the whole.

Keywords: Social-economic indicators; living standard; life quality; socialeconomic development; social welfare (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:8:y:2016:i:1:p:142-144

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