The term for quality of life based on ownership of necessities and luxuries that make life easier is called what?

• A. Quality of life index
• B. Standard of living
• C. Economic well-being
• D. Social prosperity

Answer: (B)

Material comfort and access to goods and services determine how comfortably people live. The term that best fits the idea of quality of life based on owning necessities and luxuries that make life easier is the standard of living. It directly measures the level of material well‑being—things like housing, food, healthcare, education, and the consumer goods that ease daily life.

Other phrases capture broader or different aspects: a quality of life index includes nonmaterial factors such as happiness, environmental quality, and safety; economic well‑being focuses mainly on financial resources and income; social prosperity emphasizes social conditions and welfare rather than material possession. So the standard of living is the most precise label for this description.