21st century has seen a remarkable global economic growth. A lot of countries aiming at economic advancement to raise the living standard of their citizens. Few intellects believe that important social values are lost because of
. I firmly state that the merits of economic development outweigh the demerits. In
essay advantages and disadvantages will be discussed and a reasonable conclusion will be drawn.
To commence with, Two of the prime benefits of economic evolution will be high per capita
and better infrastructure.
, due to
improvement, there will be an increase in the wage of individuals, with
salary can help them to afford
comforting things like
conditions, heaters, cars, etcetera.
, people in developed countries higher living standard because their average household
is 50% higher than the
of households in developing nations.
,
of economic progress, people can enjoy improved infrastructure.
framework will alleviate the difficulties of daily
superior roads and high quality of healthcare system. To exemplify, people in economically developed nations have higher
expectancy because of their exceptional healthcare system.
, high per capita
and better infrastructure will be the most significant effects of economic progress.
, everything comes with a cost and deforestation and
will be the cost of
economic growth.
, to make malls, hotels and other buildings a lot of forest area will be consumed.
may hamper the natural habitat of many natural species eventually disrupting the biodiversity of the nation. For illustration, every year 10% of the forest area is occupied globally in order to construct the base required for economic development.
, due to densely populated urban areas, there will be a rise in
because the vehicles will be used extensively.
rise in
will lower the
quality which will welcome numerous health issues.
, the people in the developed nation have weaker lungs as compared to the people in developing nation cause they inhale a lower quality of
.
, deforestation and
will the detrimental effects of economic growth.
In summary, In my opinion, if the
and deforestation are kept in check
people can enjoy the benefits of higher
and comfortable
. Irrefutably, the advantages outweigh the disadvantages of economic development.