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

Improving the standard of living based on economic development is going to be popular in the majority of countries, which leads to loss of social values.

However

, benefits can manage dozen of obstacles for each country leading to economic progress . There are several advantages of having rapid economic growth to fulfil human needs.

First

, it could increase the consumption of goods and services which is related to utility, with higher consumption levels, there is greater prosperity.

Moreover

, public services for society would be improved, including health and education. It can be said that the government could provide the highest quality of health care by treating disease and assuring life expectancy.

Also

, improving the educational standards could contribute to the population a great diversity of skills and literacy. By

this

means, economic development becomes essential to most countries for welfare and happiness.

Nevertheless

, every coin has two sides and despite all the advantages of developed economies, there are some disadvantages too. People argue that

this

could lead to the loss of social values because high economic growth is directly creating injustice among the poor and rich community.

This

imbalance would partially impact the social discrepancy.

Besides

, humanity and morality

also

would be lower since they only depend on materialistic that refer to disrespect to the poor member.

For instance

, the wealthy community could not have any tolerance to build a relationship,

such

as helping the poor people as one of the social values too, other than economic aspect. In conclusion, the staple movement of a country as economic value for standard living, including the increment of consumption and public services that are needed by a number of countries, have not more long-run value than humanity and moral aspects. I believe that the benefits of economic growth could merely belong to the rich community, and it is not assuring the poorer inhabitants to have prosperity too.