LIVING STANDARD VS LIFE QUALITY

Abstract

The paper deals with two currently much discussed issues: living standard and life quality, which both refer to the social welfare of inhabitants in certain time and space conditionings. The problem is to find the determinants of these two phenomena, as well as to reveal the character of living standard and life quality. The author shows examples of a arithmetical presentation of the potential evaluation of living standard with the use of GDP and HDI measures. In case of life quality the issue of imponderables and the chance for their qualitative estimation has also been pointed out.