UNDERSTANDING BUSINESS W/CONNECT >C<
UNDERSTANDING BUSINESS W/CONNECT >C<
12th Edition
ISBN: 9781307266382
Author: Nickels
Publisher: MCG/CREATE
bartleby

Concept explainers

Question
Book Icon
Chapter 1, Problem 3DCS
Summary Introduction

To discuss: The indicators of high standard of living and its negative impact on quality of life. Also, examine if everyone in the Country U has a higher living standard and the impact of the standard on quality of life.

Introduction:

Standard of living refers to the aggregate capacity of the individuals to spend on the purchase of goods and services for day to day chores given the fixed income level.

Quality of life can be termed as the level of satisfaction and joy of people in a society that depends on various political and environmental factors and also on the health and education of people.

Blurred answer
Students have asked these similar questions
What benefits do citizens receive from living in a low-tax, low-spending, low-service state? What potential costs do they incur? Is it preferable to live in a low-tax, low-spending, low-service state or a high-tax, high-spending, high-service state?
How can we meet the needs of low-income families, single parents, older Americans, and the less fortunate who need health care and social programs to exist?
doesn't this population have a right to "make a living" by accessing employment opportunities?  If not, how will they make a living?
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning