Standard of living
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In what ways is your standard of living different from that of your parents or grandparents when they were your age? Why have these changes occurred? Along those same lines, how do you see the standard of living being different from yours when they are your age now?
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Solution Summary
The differences between the standard of living today and the standard of living of your parents and grandparents
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My standard of living is much higher than my parents and grandparents. This is due to two reasons. First, there is different technology available today which makes the world's need for material things different and there are more material things available for purchase today than there were years ago (and many different market varieties). The second reason that my standard of living is higher is because there is more capital ...
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