ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The definition of standard of living is the level of material wealth and income available to a person or community. It is usually measured by standards such as life expectancy, literacy rates, access to education and health care, and housing conditions.

Detailed explanation-2: -Developing countries are countries that have a low standard living; these countries usually have a low gross national income per capita even though they are in an economical development. They also have a high gross domestic product per capita. Another economic measure is also industrialization.

Detailed explanation-3: -Sweden. #1 in Quality of Life. #5 in Best Countries Overall. Denmark. #2 in Quality of Life. #10 in Best Countries Overall. Canada. #3 in Quality of Life. Switzerland. #4 in Quality of Life. Norway. #5 in Quality of Life. Finland. #6 in Quality of Life. Germany. #7 in Quality of Life. Netherlands. #8 in Quality of Life. More items

Detailed explanation-4: -Nigeria-45.13. Bangladesh-68.49. Sri Lanka-68.90. Iran-69.38. Venezuela-73.03. Peru-81.29. Philippines-81.40. Vietnam-86.26. More items