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changing from an economy once dominated by steel manufacturing to a service industries and high-tech firms based economy.

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Difference between high standard of living and high cost of living?

The cost of living is the cost maintaining a certain standard of living. The standard of living refers to he level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living is closely related to the quality of life.


What is the median income in Portugal?

The Living Standard of Portugal is very high. It is a developed country with the 34th highest living standard in the world. Its living standard is comparable with that of Qatar or the Czech Republic.


How did or does the US benefit from a reconstructed Japan?

High standard of living.


What are the pros of living in Sparta and how do they contribute to the overall quality of life in the city?

Living in Sparta has several advantages that contribute to a high quality of life. These include a strong sense of community, a focus on physical fitness and discipline, and a well-organized government system. The emphasis on physical training and discipline in Sparta helps residents stay healthy and disciplined, leading to a sense of pride and unity within the community. Additionally, the efficient government system ensures that resources are allocated effectively, leading to a well-maintained city and a high standard of living for its residents.


Which country has remained at peace since independence?

Costa Rica is notable for having maintained a long-standing peace since its independence in 1821. The country abolished its military in 1949 and has since focused on education, health, and social welfare, fostering a stable and democratic society. This commitment to peace and neutrality has allowed Costa Rica to avoid armed conflict and maintain a high standard of living.

Related Questions

What is western Europe Standard of Living?

has a high standard of living.


Luxembourg has a high standard of living because?

Because it has a very small population, so there is less stress on its political and social systems. Take countries like India and China, with their populations reaching into the Billions they both have low standards of living because their resources have to reach so many people. In Luxembourg there is enough for everybody so to speak!


How does the literacy rate affect the standard of living in Africa?

high standard of living= high GDP and vice versa


Is madagascar's standard of living high or low?

the answer is high


Which religion has a high standard of hygiene maintained and running water is prefered for washing?

Islam.


Why do people of Singapore enjoy a high standard of living?

Peole in Singapore enjoy a high standard living it has one of the most productive economics.


What is South Africa's standard of high or low?

low standard of living


Why does the Luxembourg is well developed and progressive?

Luxembourg is well-developed and progressive due to its strong economy, which is bolstered by a robust financial sector, high levels of investment, and a favorable business environment. Its strategic location in Europe fosters international trade and collaboration, while a high standard of living is supported by excellent healthcare, education, and social services. Additionally, Luxembourg's commitment to innovation, sustainability, and a diverse workforce contributes to its progressive policies and social stability.


Does the Brunei has high standard of living?

yes


Difference between high standard of living and high cost of living?

The cost of living is the cost maintaining a certain standard of living. The standard of living refers to he level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living is closely related to the quality of life.


What is Italy's overall standard of living?

Italy has a high standard of living, the 18th highest in the world and the 13th in Europe. It is a developed country with the living standard equivalent to that of Liechtenstein.


Switzerland do they have high or low standard of living?

Switzerland has a high standard of living, characterized by a high GDP per capita, high quality healthcare, excellent education systems, and overall high quality of life for its residents. Its strong economy, stable political environment, and high levels of safety contribute to its reputation as a country with a high standard of living.