What is Standard of living?
'''Standard of living''' usually refers to the [[economy|economic]] [[wikt:level|level]] of an [[individual]], [[family]], or [[nation]]. People can measure it by the [[value]] of the [[goods]] and [[service]]s [[wikt:produce|produced]] or used by the individual, family, or nation in a [[wikt:period|period]] of time. Article 25 of the [[Universal Declaration of Human Rights]] affirms a [[right to an adequate standard of living|good standard of living]] as a [[human rights|human right]] with enough [[food]], [[clothing]], [[housing]], [[Social Security|social security]] and aid when having difficult situation, such as joblessness, illness, [[disability]], losing one's partner, and being old. Article 11 of the [[International Covenant on Economic, Social and Cultural Rights]] affirms this as well. ==Quality of life== Some measures try to take non-material things into account when trying to understand how people live. In an [[Economist]] study in 2005 [[Ireland]] was rated highest in quality of living, while [[Zimbabwe]] was seen as having one of the worst quality of life rates in the world. ==Related pages== *[[Economic development]] *[[Human Development Index]] *[[Quality of life]] *[[Right to an adequate standard of living]] *[[Welfare]] {{Politics-stub}} [[Category:Economics]] [[Category:Human rights]]