Economics

Introduction The standard of living is the level of material goods, wealth, necessities, and comfort available to a particular socioeconomic group, mostly a nation. It includes factors like poverty rate, income, employment availability and quality, Gross Domestic Product, political and economic stability, national economic growth, house affordability, and quality, the expectancy of life, quality of education, and whether available (International Labour Organization. “Global Employment Trends for Youth 2013.”). Living standards

No Country can grow and increase productivity by itself. Certain raw materials and expertise are requested to make a win-win situation for all the parties in an international transaction between two different countries. When countries deal, they need a currency exchange rate to decide the worth of their merchandise in foreign currency and pay the required amount to the other party in the transaction. The Global Corporate World is doing