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  2. Standard of living - Wikipedia

    en.wikipedia.org/wiki/Standard_of_living

    Standard of living is the level of income, comforts and services available to an individual, community or society.A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political, and environmental matters. [1]

  3. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    An economic system can be considered a part of the social system and hierarchically equal to the law system, political system, cultural and so on. There is often a strong correlation between certain ideologies, political systems and certain economic systems (for example, consider the meanings of the term "communism"). Many economic systems ...

  4. Standard of living in the United States - Wikipedia

    en.wikipedia.org/wiki/Standard_of_living_in_the...

    Motivated by the fact that economists mainly focus on income per capita in their analyses of standards of living, but that states across the United States differ along many other dimensions, they build a measure of living standards (à la Jones and Klenow 2016 [60]) that accounts for cross-state variations in mortality, consumption, education ...

  5. Americans worry about declining standards of living. Is it ...

    www.aol.com/news/americans-worry-declining...

    A new survey shows Americans are pessimistic about upward mobility, homeownership and travel. The negative perception misses some context.

  6. Socialist economics - Wikipedia

    en.wikipedia.org/wiki/Socialist_economics

    This type of economic system is defended from a Marxist–Leninist perspective which states that a socialist planned economy can only be possible after first establishing the necessary comprehensive commodity market economy, letting it fully develop until it exhausts its historical stage and gradually transforms itself into a planned economy. [150]

  7. Social welfare function - Wikipedia

    en.wikipedia.org/wiki/Social_welfare_function

    For example, the standard social scoring function for first-preference plurality is the total number of voters who rank a candidate first. Every social ordering can be made into a choice function by considering only the highest-ranked outcome.

  8. Poverty threshold - Wikipedia

    en.wikipedia.org/wiki/Poverty_threshold

    The term relative poverty can also be used in a different sense to mean "moderate poverty" – for example, a standard of living or level of income that is high enough to satisfy basic needs (like water, food, clothing, housing, and basic health care), but still significantly lower than that of the majority of the population under consideration ...

  9. Comparative economic systems - Wikipedia

    en.wikipedia.org/wiki/Comparative_economic_systems

    Systems can be measured relative to the achievement of the rivals and normative assessments can be done based on statistics of the living standard, the gap of income and wealth distribution and the level of unemployment The modeling of comparative economic is strongly affected by the perceptions on which accepted cultural, political and ethical ...