Comparison of Standards of Living in Czech republic before and after year 1989

The main objective of this study is to compare living standards in our country before 1989, when in charge were the communist party and the standard of living at the moment. Study seeks to build on theories and practices mentioned authors who have studied the issue, but only marginally. The theoretical part explains the concept of living standards and define the right tools for exploring the area. In the practical part by consumer basket compare the periods, and to confirm the hypothesis that over-applied to the case study