LSM meaning in Governmental ?

Answer:

What is Living Standards Measure mean?

The Living Standards Measure or LSM is a marketing and research tool ( same as social economic class: SEC but more refine ) used in South Africa to classify standard of living and disposable income. It segments the population into ten deciles based on their relative means, with LSM 1 being the decile with the least means and 10 being the decile with the greatest means. It does this by ranking people based on ownership of the components of a standard basket of goods (which varies over time). For instance, those people who owned a television set would rank higher in the LSM than those who did not.

In effect, the LSM is an income inequality metric, despite specifically excluding income as one of the tested metric. Its components are reflective of the fact that South Africa has a high Gini coefficient.

reference

Full Form	Category
Leading Students Memories	Academic & Science
Library of Science and Medicine	Academic & Science
LeTourneau Student Ministries	Academic & Science
Lutheran Student Movement	Academic & Science
Long Semado	Airport Code
Lee Street Management	Business
Logistic Support Manager	Business
Louvain School of Management	Business
LED Signage Management	Business
Legislators And Senior Managers	Business
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Lisburn School of Music	Community
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Learning Support Math	Community
Louisiana State Museum	Community
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Local Store Marketing	Computing
Link Status Meter	Computing
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Logical Storage Manager	General
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Law Society Medal	General
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Liberal Studies Major	General
Large Scale Manager	General
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Lakhani Silk Mills	General
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Living Standards Measurement	General
Land Surface Model	General
Least Square Methodology	General
Lame Stream Media	General
Landing Ship Medium	General
Living Standards Measure	Governmental
Living Stream Ministry	Governmental
Leading Successful Missions	Governmental
Linear Synchronous Motor	Governmental
Libro Del Servicio Militar	International
Least Squares Method	Maths
Laboratory for Social Machines	Medical
Laboratory for Sustainable Manufacturing	Medical
Lasers in Surgery and Medicine	Medical
Late Systolic Murmur	Medical
Liver Serum Marker	Medical
Laboratory for Surface Modification	Medical
Library Storage Module	Networking
Linux Software Map	Softwares
Life Science Module	Space Science