____ is a loose, subjective measure of how well off an individual or society is in terms of obtaining want-satisfying goods and services.
A) Employment success
B) Standard of wealth
C) Standard of living
D) Economic satisfaction
E) Satisfaction economic factor

Question

Quizplus · Accepted Answer

Standard of living is a commonly used term to describe the level of material comfort and wealth experienced by an individual or society. It takes into account not only income but also access to goods and services, such as healthcare, education, and infrastructure. While it is subjective in nature, it is often used by policymakers to measure the success of economic policies and the wellbeing of a population.

____ Is a Loose, Subjective Measure of How Well Off