Difference Between Quality of Life and Standard of Living

Quality of life is another measure of economic development.Quality of life and standard of living should not be confused as synonyms of each other,even when one supports the other.

Quality of life is indicated in terms of two well-known indices of development, viz:

Physical Quality of Life Index

It is an index of economic development put forth by Morris D Morris. The index is based on life expectancy, infant mortality rate and literacy.

Human Development Index

It is a composite index prepared by UNDP on the basis of longevity, educational attainment per capita real GDP.