Many countries aim to improve their living standard by economic developnent but some important social values are lost as a result. Do you think advantages of economic development outweigh the disadvantages.

In
this
contemporary
ephoc
(anthropology) the distinctive spirit of a culture or an era
ethos
epic
, high standard of living has become the topmost priority for many nations around the globe; owing to
this
phenomenon
,
Accept space
,
majority
Suggestion
the majority
a majority
of countries strive to enhance the living standard of their citizens with economic blossoming but
as a result
some indispensable moral and social values have seen a set back. In my perspective, the drawbacks certainly seen to be exiguous as compared to its benefits To commence with, there are numerous benefits of economic development.
Firstly
, with economic evolution, the employment opportunities in a
country
rises
Suggestion
rise
.
For instance
, more demand of workforce in different sectors of economy like IT, education, banking, infrastructure
,
Accept space
,
etc
continuing in the same way
etc.
, rises and in order yo fill the vacant positions, unemployed people gets job both in
skilled and unskilled sector
Suggestion
the skilled and unskilled sector
.
As a result
, the national
incomd
the financial gain (earned or unearned) accruing over a given period of time
incomes
income
of a
country
also
increases rapidly in the form of various taxes and charges for providing services.
Secondly
, economic
upliftment
brings foreign investment into a
country
because it attracts the investors to explore the
unutilized
resources of an economy and use its cheap labour. It, indeed, improves the overall living standard of the citizens of a
country
.
Nevertheless
, economic development
do impact
Suggestion
does impact
a
country
in a negative way. To set in, it is believed that economic enrichment makes people materialistic because they become
workholics
person with a compulsive need to work
workaholics
and run after the big chunks of revenue only neglecting their moral and
sovial
relating to human society and its members
social
ethics. As a consequence, one
loose
Suggestion
looses
the culture and traditions associated with their roots and try to find happiness solely in
materialistic world
Suggestion
a materialistic world
the materialistic world
. To
recapitualize
, I firmly believe that benefits of economic development certainly outweigh its disadvantages as blossoming of an economy bring
plethora
Suggestion
a plethora
of job opportunities and foreign investment into a
country
which enrich the
lifestylr
a manner of living that reflects the person's values and attitudes
lifestyle
of people of a nation.
Submitted by Komal on

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Topic Vocabulary:
  • living standards
  • economic development
  • infrastructural facilities
  • unemployment
  • poverty levels
  • technological advancements
  • environmental degradation
  • biodiversity
  • income disparities
  • cultural heritage
  • sustainable growth
  • stress levels
  • policy-making
  • mitigate
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