Level of poverty, health care and education are one of the important factors that are to be taken into consideration, while measuring the standard of living.
What is standard of living?
Standard of living refers to the amount of wealth, availability of resources and accessibility to the level of comfort for different classes in the same society.
Some of the most important factors that determine the level of standard of living are as follows:
- Income of the household
- Life expectancy rate
- Access to health care facilities
- Access to higher education
- Availability of resources in the society.
Hence, it may be stated that the standing of Marque-Luisa Miring regarding the measurement of standard of living holds true to most of its extent.
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