Standard of living: A level of material comfort in terms of goods
and services available to someone or some group.
A minimum of necessities,
comforts, or luxuries considered essential to maintaining a person or group in
customary or proper status or circumstances. So,
standard of living is
something that can be measured in material terms.
Standard of life:
Is the position or level that a person is at a point of time. Indicators of
this are Social status, designation, academic qualification, financial
position, job designation, level of achievement etc.
Quality of life: Is
something which appears to be abstract which is totally different from the
above two.
Quality of life is governed by
security, guidance, wisdom and power.
Security: that you can cling
yourself to something/somebody
Wisdom: Your knowledge of your
values
Guidance: Sense of purpose
in life
Power: To move ahead
Quality of life which is a long term thing depends on these 4 factors.
If your security comes from a person (i.e. something external to you), you are
in danger. If that person is gone, you feel bad. Even that thought bothers you
much. Security and wisdom give the power to move ahead.
To conclude:
Quality of life is purely your inner self. The way you respect, love and enjoy
yourself. The confidence that you have in your thoughts.