What is the measure of someone's income, wealth, material goods, and access to life's necessities?A.Discretionary incomeB.Standard of livingC.Variable expensesD.Cost of livingSUBMITarrow_backPREVIOUS
Question
What is the measure of someone's income, wealth, material goods, and access to life's necessities?A.Discretionary incomeB.Standard of livingC.Variable expensesD.Cost of livingSUBMITarrow_backPREVIOUS
Solution
The measure of someone's income, wealth, material goods, and access to life's necessities is known as B. Standard of living. This term refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.
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