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Noun: standard of living
  1. A level of material comfort in terms of goods and services available to someone or some group
    "they enjoyed the highest standard of living in the country"; "the lower the standard of living the easier it is to introduce an autocratic production system";
    - standard of life, living standard

Derived forms: standards of living

Type of: degree, level, phase, phasis, point, stage

Encyclopedia: Standard of living