with the development of economic and the raising of standard of life.z这句话对吗?应该怎么改正呢?

改为raising standard of life.raising动名词可直接修饰名词standard,不需加of

with the development of economy and the rising of living standard

基本正确,稍微改正一下会更舒服：）
with the development of the economy（economic是形容词,这里要用名次）and the rising of the standard of life