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standard of living
by 趙永祥 2016-08-30 10:32:00, Reply(0), Views(230)


BusinessDictionary.com
TERM OF THE DAYAUGUST 25, 2016
standard of living
f   t

Financial health of a population, as measured by per capita income and consumption of goods and servicesby individuals or households. 
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USAGE EXAMPLE
We have an imbalanced standard of living because our minimum and average wages can't keep up with the steady rise in the cost of living.
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