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There are several factors that determine the standards of living of an individual or group. These are the ff.:
1. income of the family - it determines the degree of comfort or wretchedness of the family
2. influence of culture - the interest and tastes of a person determines the large extent of the mode of consumption
3. occupation of an individual - occupational groups have their own concepts of what constitutes welfare and their mode of consumption
4. nationality - determines the ways of living of an individual, family or group
Karl Runte
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What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
What is standard of living determined by?
Many factors determine a standard of living, including average disposable income, general health, access to education, access to social services, and social freedom.
Discuss the factors which determine the standard of living in a mixed free enterprise economy?
In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.
How does competition and marketing work together to increase the nations standard of living?
Competition leads to innovation and the creation of improved products. Also, competition and marketing lead to decreased prices. Both these factors increase a nation's standard of living.
What are the determining factors of US balance of trade?
Import and export
What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
Factors which determine country's standard of living?
Key factors that determine a country's standard of living include its level of economic development, income distribution among the population, access to education and healthcare, quality of infrastructure, political stability, and social welfare programs. These factors influence the overall well-being and quality of life for citizens in a particular country.
What factors led to the Great Migration and why was it significant?
better standard living
What is relationship between literacy rate and standard of living?
the literacy rate is the percent of people older than 15 that can read and write in a country. the standard of living is determining whether a nation's people are living in poverty, wealth, or middle class.
What factors contribute to Costa Rica's high standard of living?
Jesuslives but are you living for him? go to church and find out.
Factors determining office location office location?
factors determining office location
What are the factors affecting the standard of living in Sudan?
Genocide. Complete lack of government. Famine.
What is standard of living determined by?
Many factors determine a standard of living, including average disposable income, general health, access to education, access to social services, and social freedom.
The amount of goods and services the average citizen can buy?
The amount of goods and services that the average citizen can buy is known as a standard of living. The cost of a standard of living varies greatly depending on a number of factors.
What factors are responsible for making asia third world?
The standard of life for most people would be the key feature, the poverty line is also a key feature for determining it.
What countries have the highest standard of living?
Countries with the highest standard of living typically include Norway, Switzerland, Australia, and Luxembourg. These countries rank highly in factors such as income, healthcare, education, and overall quality of life.
What are the factors in determining nutrition requirements for bodybuilding?
The different factors in determining nutrition requirements for bodybuilding surely depends on the individual person. The factors to consider are gender, weight, height.
