Understanding Business
Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
100%
Book Icon
Chapter 1.1, Problem 2TP
Summary Introduction

To determine: The difference between standard of living and quality of life.

Introduction:

Standard of living refers to the aggregate capacity of the individuals to spend on the purchase of goods and services for day to day chores given the fixed income level.

Quality of life can be termed as the level of satisfaction and joy of people in a society that depends on various political and environmental factors and also on the health and education of people.

Blurred answer
Students have asked these similar questions
How can I fill the bullet points below to my strength? Strength: Received a scholarship to attend my University. Situation: Task: Action: Result:
How can I fill the bullet points below to my strength? Strength: Made the Dean's List for three consecutive years. Situation: Task: Action: Result:
How can I fill the bullet points below to my strength? Strength: Received University Grant: Situation: Task: Action: Result:
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing