Question

The level of material comfort as measured by the goods and services available to an individual, group, or nation as it applies to economics is called the

Answer 1

The answer is the Standard of Living.

Answer 2

The answer is the Standard of Living. This shows how well people are doing or if they are having difficulty making ends meet. Some countries have a high standard of living when they can afford a house, car and other expenses. You can tell if living standards are high when there is a low level of poverty and everyone has access to all the benefits that a country can offer.