Standard of living often refers to material measures of well-being. As such, it is distinct from quality of life - quality of life, of course, is more important, but harder to measure, and less often used as a factor in economic debates.
Standard of living often refers to material measures of well-being. As such, it is distinct from quality of life - quality of life, of course, is more important, but harder to measure, and less often used as a factor in economic debates.