Why People Think Resources Are A Good Idea

Understanding the Standards of Living

The right for an adequate standard of living requires everyone to enjoy the necessary subsistence rights which would be having adequate food and nutrition, housing, clothing and also the necessary conditions of care when required. An essential point is that everyone should be able and without shame or unreasonable obstacles to become a full participant for ordinary and everyday interaction with other people. Which is why, people must be able to enjoy their basic needs in conditions of dignity. No one deserves to live in conditions to where the only way to satisfy their needs is through degrading themselves or in depriving themselves of the basic freedoms such as prostitution, begging or forced labor.

In a purely material term, adequate standard of living means the process of living above the poverty line of where the society concerned, which based on the World Bank includes two elements from which is the expenditure necessary in buying a minimum standard of nutrition and other basic necessities and further amount that varies from country to country, which reflects the cost of participating in the everyday life of society.

Economic, social and cultural rights are the things to which instruments and helps establish the principle of the progressive realization to where this principle does not exclude an immediate obligation or the steps towards this goal must be taken immediately. Another addition would be on the prohibition of discrimination of any kind regarding to any access to adequate clothing, food or housing on the grounds of color, sex, grounds of race, age, language, religion, politics or other opinion, property, national or social origin, birth or other status with the purpose of nullifying or impairing the equal enjoyment or exercise of its right, which is an immediate obligation for state parties to the major human rights treaties.

The standard living if a person is not determined only by himself or base on his desires. It’s crucial that he considers also on what the society expects of him. It is a compromise between what he likes and what the society expects.

Quality of life is a high subjective measure of happiness which is a crucial component for many financial decisions. Factors to which plays a role in quality of life will vary based on your personal preference, but it usually includes financial security, family life, job satisfaction, safety and health. The financial decisions mostly involves trade off where quality of life is decreased in order to help save money or that the quality of life will be increase by spending more money.