What is the measure of the quality of life based on available material goods?

The measure of quality of life based on available material goods often refers to the standard of living, which encompasses access to essential resources such as housing, food, healthcare, education, and transportation. This assessment typically evaluates the quantity and quality of goods and services that individuals can afford, influencing their overall well-being and life satisfaction. However, while material wealth is an important factor, it does not fully capture other dimensions of quality of life, such as social relationships, mental health, and environmental conditions. Therefore, a holistic view considers both material and non-material aspects.