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What is the difference between Standard of Living and Quality of Life?

Standard of living vs Quality of life

Difference between Standard of Living and Quality of Life

What is the definition of Standard of Living?

Standard of living can be defined as the level of income and services available to an individual or society. It is a measure of the quality of life of an individual. It is calculated by comparing the average income of the residents of a region with the average income of the residents of other regions.

What is the definition of Quality of Life?

Quality of life can be defined as the ability to live comfortably, and the amount of enjoyment and happiness one has. It is a subjective concept and is based on the perception of the individual.

Standard of Living vs Quality of Life: What is the difference?

  1. Standard of living can be defined as the level of income and services available to an individual or society. On the other hand, quality of life can be defined as the ability to live comfortably, and the amount of enjoyment and happiness one has.
  2. Quality of life is a subjective concept, while the standard of living is objective.
  3. The standard of living is more concerned with the economic dimension of the society, while quality of life is more concerned with the experiences that an individual has at a certain time.
  4. Standard of living is an economic measure, while quality of life is a social one.
  5. Quality of life is a multidimensional concept, while standard of living is unidimensional.
  6. Standard of living is concerned with the material well-being of individuals, while quality of life is concerned with the spiritual well-being.
  7. Quality of life is an individual perception, while standard of living is a social perception.
  8. Standard of living is based on the economic performance of the country, while quality of life is based on the happiness of the country.
  9. Quality of life is more concerned with qualitative aspects, while standard of living is more concerned with quantitative aspects.
  10. Quality of life is more concerned with the happiness and well-being of the individual, while standard of living is more concerned with the finances of the individual.
  11. Quality of life is a subjective perception, while standard of living is an objective measurement.
  12. Quality of life is an individual concept, while standard of living is more of a social concept.
  13. Quality of life is an overall assessment of well-being, while the standard of living is a measurement of the quality of life of an individual.
  14. Quality of life refers to the average state of happiness of the citizens of a country. On the other hand, standard of living refers to the financial prosperity of the citizens of a country.
  15. Quality of life is more concerned with the happiness and well-being of the individual, while standard of living is more concerned with the finances of the individual.
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