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Indicators for Measuring the Standard of Living - Theoretical and Applied Aspects

Author

Listed:
  • Boryana Trifonova

    (Sofia University of Mining and Geology)

  • Borislava Galabova

    (Sofia University of Mining and Geology)

Abstract

This study is devoted to the theoretical-applied aspects of the question about the indicators for measuring the standard of living. Its aim is to analyze, systematize and present them in their entirety and rich diversity. The study is based on the use of commonly accepted and widely known scientific methods. All indicators that directly or indirectly illustrate the state and dynamics of the standard of living have been analyzed. A critical review of the essence and key features of the indicators allows to highlight their main strengths and weaknesses. On this basis, some conclusions can be drawn about their application in modern socio-economic conditions.

Suggested Citation

  • Boryana Trifonova & Borislava Galabova, 2017. "Indicators for Measuring the Standard of Living - Theoretical and Applied Aspects," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 2, pages 49-57, November.
    • Handle: RePEc:vra:journl:y:2017:i:2:p:49-57
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    File URL: http://www.su-varna.org/izdanij/2017/ikonomika-017-2/49-57.pdf
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    More about this item

    Keywords

    standard of living; macroeconomic parameters; economic well-being; economic development;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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