living room set vs suite

living room set and suite both are nouns.

Word	Noun	Adjective	Verb	Adverb
living room set	Yes	No	No	No
suite	Yes	No	No	No

As nouns, suite is a hypernym of living room set; that is, suite is a word with a broader meaning than living room set:

living room set (noun)	suite (noun)
a suite of furniture for the living room	apartment consisting of a series of connected rooms used as a living unit (as in a hotel)
	a musical composition of several movements only loosely connected
	the group following and attending to some important person
	a matching set of furniture