standard

1. standard; norm
   Proizvod mora da ispunjava evropske standarde. — The product must meet European standards.
2. (of living conditions) standard of living
   Životni standard u Srbiji polako raste. — The standard of living in Serbia is slowly rising.
   Penzioneri se žale na nizak standard. — Pensioners complain about the low standard of living.

In the second sense it often appears as životni standard.