Economic development has led to an increase in the purchasing power among individuals, and they are spending more cash on different things as compared to the past. In my view, there are more positive aspects verses the negative impact. In my essay I will discuss both the views, before I draw a conclusion.
To embark upon, the economic development of a nation has many positive impacts. Developed countries have a higher employment levels, which leads to increasing their spending power of the individuals.
For example
, we have seen people spending their money on different things like travel, buying latest devices etc. Linking Words
In addition
, Linking Words
this
Linking Words
also
helps in reducing crime in the country. As most of the people are employed and have disposable income they are able to meet their needs as well as the needs of their loved ones. There is less theft in the country as people are employed and earning good earnings.
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However
, there are some downsides to Linking Words
this
. As individuals have a lot of disposable wage, they tend to lose the value of things and money. With technology getting more and advanced each day, people spend a lot of their revenue on latest devices Linking Words
such
as mobile phone, laptops, home appliances. Linking Words
Furthermore
, Linking Words
this
leads to the huge amount of wastage, as people throw away their own devices.
In conclusion, having a huge disposable livelihood among the people of the country portrays a positive sign.Linking Words
However
, it is important that Linking Words
such
earnings needs to be used wisely which can lead to benefiting the whole society.Linking Words
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