Definitions for standard of life
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Princeton's WordNet
standard of living, standard of life(noun)
a level of material comfort in terms of goods and services available to someone or some group
"they enjoyed the highest standard of living in the country"; "the lower the standard of living the easier it is to introduce an autocratic production system"
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"standard of life." Definitions.net. STANDS4 LLC, 2013. Web. 21 May 2013. <http://www.definitions.net/definition/standard of life>.