An individual's or a socioeconomic class's standard of living is the level of wealth, comfort, material goods, and necessities available to them in a certain geographical area, usually a country. The standard of living includes factor as a whole quality and availability of employment, class disparity, poverty rate, quality and housing affordability, hours of work are required to purchase necessities, gross domestic product, inflation rate, amount of leisure time every year, affordable (or free) access to quality healthcare, quality and availability of education, literacy rates, life expectancy, occurrence of diseases, cost of goods and services, infrastructure, national economic growth, economic and political stability, freedom, environmental quality, climate and safety. The standard of living is closely related to quality of life.
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