Susan quit her job in a big city to take a less stressful position in a small town located in a scenic area.She earns less money at her new job and has had to cut back on her purchases of material goods,but she has more leisure time and really enjoys the clean air and scenic beauty of her new home.Susan has accepted a lower standard of living in order to enjoy a higher quality of life.
The standard of living is the amount of goods and services people can buy with the money they have.The quality of life is a broader measure of social welfare that refers to the general well being of a nation's citizens.If citizens benefit from a cleaner environment,more political freedom,or more leisure time,their overall welfare (quality of life)may improve even if they are not able to purchase more goods and services with their incomes.
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