Standard Of Living

Question 1

How can we determine someone’s standard of living?

Answer 1

Wealth and comfort experience and quality of one’s life

Question 2

What are the variables we use to determine one’s standard of living?

Answer 2

Income levels
Employment versus unemployment
Poverty rates
Where and how people live
Access to quality Healthcare and education 
Infrastructure and in the region or country
Quality of environment
Safety of people

Question 3

What is a self- sufficient society?

Answer 3

• grow and produce their own goods needed for survival
• low level of production and manufacturing
• standard living poor
• Don’t have Access to wide variety of goods and services
• Traditional societies

Question 4

Modern society

Answer 4

• good healthcare
• good education
• good transport system
• high income levels
• high level of industrialization and developed service sector

Question 5

Rural society

Answer 5

• poor standard of living
• inadequate housing
• inadequate/ non existent public services
• poor health status
• low level industrialization
• low level of employment of labor