The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
Standard of living of the people will increasethe country will developoutput of the country will increaseprices of goods might decrease
A less fortunate / less developed country where wages are lower can export goods to countries where wages are higher. The people in the country with higher wages benefits because they can buy things more cheaply. The people in the country that is less developed can benefit because they get paid a wage. They can use this wage to build wealth, reinvest in their country and in time increase their standard of living.
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
They help because certain groups of people have fewer opportunities to be productive or have a higher standard of living
These measurements collectively are known as human development indicators. They are used to assess the overall well-being and standard of living of a population in a particular country.
The higher the education the higher the standard of living because people can earn more money.
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
People in developed countries have a higher standard of living then people in developing countries.
Poor.
South Africa has the highest standard of living. My guess is because the people there have come to peace with internal problems and can now get on with living comfortably.
A country like Bahrain does have less oil and a lower GDP per capita than a country like Saudi Arabia because oil is a precious mineral. The standard of living in Bahrain because it does not do a lot of importing like Saudi Arabia.
In the People's Republic of China the highest standard of living is found in Shanghai followed by Beijing on the mainland, however the Chinese territories of Hong Kong and Macau by far have a higher standard of living than either.
A less fortunate / less developed country where wages are lower can export goods to countries where wages are higher. The people in the country with higher wages benefits because they can buy things more cheaply. The people in the country that is less developed can benefit because they get paid a wage. They can use this wage to build wealth, reinvest in their country and in time increase their standard of living.
Standard of living of the people will increasethe country will developoutput of the country will increaseprices of goods might decrease
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
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.