Cost Of Living Economic Definition

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Cost of Living Definition

https://www.investopedia.com/terms/c/cost-of-living.asp

Sep 20, 2020 · The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. The cost of living is often used to compare...

Cost of living economics Britannica

https://www.britannica.com/topic/cost-of-living

Cost of living, monetary cost of maintaining a particular standard of living, usually measured by calculating the average cost of a number of specific goods and services required by a particular group. The goods and services used as indexes may be the minimum necessary to preserve health or may be what is considered average for a given income group, depending on the purposes of the index.

What is the 'cost of living'? — Economy

https://www.ecnmy.org/learn/your-home/consumption/cost-of-living/

Your Economics. The cost of living is a measure of how much money it costs to live a fairly average quality of life. We often talk about the cost of living between different places, like the difference between cities or the difference between countries. Tokyo, the capital of Japan, apparently has the highest cost of living in the world— that means it costs more money to maintain an average quality of life in Tokyo …

Definition of cost of living, definition at Economic Glossary

https://glossary.econguru.com/economic-term/cost+of+living

Term cost of living Definition: The amount of income or money needed to acquire a given quantity of goods and services or to achieve a given living standard. This cost of living notion is closely intertwined with inflation, the economy's price level, and the concept of purchasing power. The cost of living is typically indicated by a price index such as the Consumer Price Index (CPI). The CPI, for …

Cost-of-Living Adjustment (COLA) Definition

https://www.investopedia.com/terms/c/cola.asp

Sep 22, 2020 · Cost of Living The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place. more