Social Sciences and the Law

How can you compare various standards of living?

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A relative index to the standard of living of a certain economic group can be gathered from a comparison of the cost of living and the wage scale or personal income.

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Get more facts and information about standard of living . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: How do wage and cost of living affect the standard of living? What economic factors affect differences in standard of living? [ Hide these questions ]

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