Raising the standard of living for all, would it work?

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If you were to ask people from all over the world what the standard of living means to them, you would get different answers from each person. Raising the standard of living would no doubt bring greater life expectancy, fewer diseases also fairness and equality to all. But is it possible to achieve this when the world is living at such different standards and what would the implications be of raising the standard. We must try and understand more about the standard of living. According to Smith, some people have a lower standard of living than others are certainly proof of inequality, but by itself it cannot be a proof of poverty (pg. 351-2). For example, in the town I live in, the majority of the community believes the type of vehicle you drive is of more importance than the home you reside. In other parts of the country, your home is more important than the car you drive. With the poor population all over the world, having food, clothing and medical care would be the essentials to a proper standard of living. If you were to ask each person from all over the world what is consider...

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