Cost Of Living (noun) Definition, Meaning & Examples

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noun
  1. the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group.
noun
    • the basic cost of the food, clothing, shelter, and fuel necessary to maintain life, esp at a standard regarded as basic or minimal
    • (as modifier)
  2. the average expenditure of a person or family in a given period
Cost Of Living (noun) Definition, Meaning & Examples

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