December 2022
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The standard of living of the population is a very broad concept and can be described in different ways from different literature sources․ Despite the fact that the standard of living of the population has many stamps, it is considered an indicator that gives a clear picture of the countries' economic activity, social, educational, and cultural spheres.The concept of living standard of the population may contain a number of different indicators that directly or indirectly characterize the level of living standards and well-being of the population in a given country It is important to study these indicators and consider the principle of their reliability and measurability․ This scientific article is aimed at identifying the main indicators characterizing the standard of living of the population and compare them with similar indicators of Armenia․ An analysis of the main and important indicators of living standards and well-being makes it possible to clearly imagine which of them really characterize people's lifestyle, because, as we have seen, there are two clearly delimited groups of indicators: indicators that are more emotional such as indicators of subjective living standards and well-being. These indicators are very individual, that is, they depend on the status of a single person. These emotional indicators are also, as a rule, uncountable, but this does not reduce their importance and it is necessary to take into account when determining the level of living standards and well-being. The second group of indicators such as socio-economic education health security are more defined and largely quantifiable․ Referring to Armenia, we managed to find most of the two groups of indicators, but it is important to note that there are many gaps, especially in terms of subjective living standards and well-being indicators, and it is necessary to conduct large-scale surveys among different strata and groups of the population in the near future and try to obtain a total of these indicators image, as a result of which the multi-factor indicator of the level of living standards and well-being in Armenia can be more clearly obtained.