Most countries want to improve standard of living through economic development. However, others think social values are lost as a result. Do you think the advantages of economic development outweigh the disadvantages?

Economic development is one the most crucial measurement to evaluate the degree of social wellbeing in the society. In a long race, men have to pay the price of loss of social values in terms of achieving productive benefits In my opinion, the cons of commercial advancement outweigh its pros.

This

essay will intend to analyse both its merits and demerits before drawing a reasonable conclusion. On the one hand, it is irrefutable that by the growth of the economy, people can upgrade their quality of

life

in multifarious ways. It means that, all kinds of ordinary individuals have all sorts of the rudimentary facilities to enjoy the

life

. It would be worthwhile to cite an example regarding the USA, the poorest of the poor have all elementary amenities of

life

such

as food, clothing, shelter.

Moreover

, all the citizens have enjoyed high levels of social welfare and they enjoy free medical care as well as educational facilities. Even in developing countries like India and China, the

life

of people has enhanced as compared to the earlier times owing to the economic enlargements.

On the other hand

, in the quest of economic growth, social values have taken a back seat. There are multiple reasons for it.

First

and foremost, people now have become greedy and selfish.

In other words

, they have become self centred since they have no time for each other.

Secondly

,

Accept space

,

they have become workaholics. It means that they have failed to strike a balance between their work and

life

. As a consequence, family

life

is suffering.

For instance

, in my country as the trend of economic standard of living has risen up, the divorce rates have

also

gone up.

Thirdly

, the young generation has started to follow global culture.

Hence

, they have forgotten moral values and do not respect their elders. What is more, people resort to unethical means to keep up their economic

proeperties

status established in order of importance or urgency

priorities

properties

.

In other words

, competition has become unhealthy. Addition to

this

,

instead

of

improve

Suggestion

improving

their own product,

bussinesses

a commercial or industrial enterprise and the people who constitute it

businesses

business

try to defame the products of other companies.

For example

, someone has spread the nuisance

vedio

the visible part of a television transmission

video

regarding one flour company named Ashirwad, saying that the wheat flour contained the plastic. Later the company had to clarify through

TV commercial

Suggestion

TV commercials

that substance was not

plastic but

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plastic, but

gluten which

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gluten, which

is

natural constituent

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a natural constituent

of wheat flour.

Moreover

, the

collageues

an associate that one works with

colleagues

colleges

are not co- operative as in

earlier time

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earlier times

an earlier time

.

As a result

, the relationship of people

ik

society is much worse than in the past. Money- oriented community is not

very pleasant place

Suggestion

a very pleasant place

to live in. No wonder, in developed countries.

many

Suggestion

Many

people are

downshifting

or refusing promotion to give appropriate time to their family and society. Summing up, economic development offer a

variery

a collection containing a variety of sorts of things

variety

of standard

level

Suggestion

levels

of

life

that people can enjoy, but there is a loss of social values which puts

big question mark

Suggestion

a big question mark

on the advantages of economic growth. The onus is on the individual to strike a balance between work and leisure to occupy all significance of economic developments without loss of social values.