lífsstigi
Lífsstigi is an Icelandic term that translates to "standard of living" in English. It refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area. This concept is multifaceted and encompasses various indicators that collectively paint a picture of the general well-being of a population.
Key components of lífsstigi include income levels, access to education, healthcare services, housing quality, and environmental
Measuring lífsstigi often involves using statistical data and indices. While economic indicators provide a quantitative perspective,