Cost Of Living Economics 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.

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.

Cost-of-Living Adjustment (COLA) Definition

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

Sep 22, 2020 · A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Inflation is measured using the consumer …