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In what ways is your standard of living different from that of your parents or

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QUESTION:

In what ways is your standard of living different from that of your parents or grandparents when they were your age? Why have these changes occurred?

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QUESTION:

In what ways is your standard of living different from that of your parents or grandparents when they were your age? Why have these changes occurred?

ANSWER:

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Standard of living represents the total quantity of goods and services available inside the economy for the well-being of every individual.

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