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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
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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.
How do computers improve the standard of living?
Computer's are the new standard living
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 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 is the average standard of living on earth?
It is difficult to provide an average standard of living for the entire Earth, as living standards vary widely between countries and regions. Factors such as income level, access to healthcare, education, housing, and basic services all contribute to determining the standard of living in a particular area. International organizations such as the United Nations use various indicators, such as the Human Development Index, to assess and compare the standard of living across different countries.
What factors contribute to Costa Rica's high standard of living?
Jesuslives but are you living for him? go to church and find out.
What factors determine standard of living?
Cost of Living and salary influences local purchasing power. Local purchasing power, health care quality, crime rate and other factors influences standard of living. To get some details about local purchasing power and cost of living perhaps consult : http://www.numbeo.com/cost-of-living/
What are the factors affecting the standard of living in Sudan?
Genocide. Complete lack of government. Famine.
Factors determining office location office location?
factors determining office location
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.
What factors make up a countries HDI?
A country's Human Development Index (HDI) is based on three factors: life expectancy (health), education levels (education), and income per capita (standard of living). These factors are used to assess overall well-being and standard of living in a country.
What list includes only abiotic factors?
A list that includes only abiotic factors would consist of elements such as sunlight, temperature, water, soil composition, air, and minerals. These factors are non-living components of an ecosystem that influence the living organisms within it. Unlike biotic factors, which involve living organisms, abiotic factors are crucial for determining the conditions and health of ecosystems.
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.
