Most countries want to improve standard of living through industrial development but social values are lost as a result. Do you believe that advantages of economic development outweigh the drawbacks?

It is well known that amidst the population rise
are struggling to get access to the ultra-modern facilities. Many nations look forward to enhancing the living standard of their civilians through commercial advancements despite the fact that it could degrade the moral values of society. In my opinion merits of industrial advancements outweigh their demerits. In the upcoming paragraphs, I will put forth my views in detail.
To begin
, certainly, commercial upbringing could enhance the living status of
. To elaborate, with a boom in the field of industry number of job opportunities as well as per capita income received by individuals would be increased.
For example
, a survey conducted by a reputed newspaper in India shows that since 2002 with industrial expansion in the country resulted in a decline in unemployment. Thereby, it could be stressed the positive impact of economic growth in the life of
, apart from individual merits, the whole nation would be benefited from that. To explain, attaining financial security by every citizen could contribute to the comprehensive
of nations through tax payment.
For instance
, with regard to the United Nations, in Switzerland being financially secured individuals could take part in country
it is apparent that economic
could improve the overall growth of a nation. Whereas, amidst of several merits
developments are having demerits
. A rise in the consumer culture in relation to industrial
could degrade social relations. Communication between
would be reduced to a large extent.
that, economic expansion could cause biodiversity impairment.
social and environmental issues could be prevented by a cautious approach. To conclude, in my opinion, the advantages of economic advancements outweigh their disadvantages.
inconveniences could be effectively handled by the wise approach by

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