Standard of living example sentences

This enables the latter to increase their level of consumption and, thereby, their standard of living.Initiate rapid economic growth to raise the standard of living, reduce unemployment and poverty; Become self-reliant and set up a strong industrial base with emphasis on heavy and basic industries; Reduce inequalities of income and wealth; Adopt a socialist pattern of development — based on equality and prevent exploitation of man by man.In the absence of international trade of goods and services, it would not have been possible for the world community to consume goods and services produced in other countries that the people in these countries are able to consume and enjoy a higher standard of living.