Noun explanation: minimum living standard

The minimum living standard refers to the minimum basic living standard stipulated by the government in a certain period of social development, which is suitable for social and economic development and maintains a person's survival in terms of food, clothing, housing and transportation. The minimum living standard is determined by accurate statistics and calculation using modern scientific theories and methods.

The minimum living standard is a variable, which is adjusted accordingly with the development of social economy. The minimum living standard is formulated by the government and has legal effect.

Whether the minimum living security system can play its due role depends on whether the minimum living security standard can be correctly formulated.

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