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

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Since the dawn of time, human beings have been looking for improving the standards of living. According to many, loss of some social values can be the result of raising
living standard
Suggestion
living standards
the living standard
through economic growth. Despite the fact that the possibility of lacking in some social aspects of life has always been affected by numerous factors that economic growth is merely one of them, it seems to me that the benefits of economic development outweigh its drawbacks. On the one hand, it is a refutable fact that the benefits of economic advancement are countless.
Firstly
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, it provides numerous job opportunities and brings prosperity to the society coupled with families.
Furthermore
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, more income level can lead to more innovations and creativity that result in improving the quality of life.
Secondly
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, the improvement of community services including public transport and health care system can be considered as indirect results of economic prosperity as well.
However
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, whenever there has been a financial crisis, poverty and unemployment has declined the level of family income and
as a result
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crime rates and criminal activities have risen considerably. Economic crisis in 2008, can be a typical example of
such
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situation.
On the other hand
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, lack of respect for social values among the affluent families can be inevitable. Being immersed in modern life and aimed at earning more money make individuals disrespectful the parents and grandparents. For
this
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reason, most of the elderly are doomed to be isolated in nursing homes.
Moreover
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, face to face communication is bound to be replaced with online communication in the near future. By way of conclusion, the necessity of economic development and its potential benefits are clear and straightforward that convince me to restate that they override its drawbacks.
Submitted by Mohammad Reza Anari on

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