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English definition of “standard of living”

standard of living

noun [C usually singular] uk   (also living standard) us  
B2 the amount of money and comfort people have in a particular society: The standard of living in many developing countries is low. Costs and expensesEconomics and the state of the economy
(Definition of standard of living from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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