Many countries 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?

Many leaders in the world believe that improving a
country
's
economy
can improve the living standard of the state. Others believe that
people
will forget their traditional values. I agree with the statement that the benefits of economic growth will outweigh the drawbacks.
To begin
with, I admit that the growing
economy
has some downsides too.
People
will strive to earn more money. They will become more materialistic and money-oriented. They will forget their duties for families. They will do more work for a luxurious lifestyle.
Moreover
, children will
also
think that they can buy anything with
the
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cash.
People
will have fewer emotions.
Moreover
, parents will do more work and they will negligent their kids and family, consequences will be really bad of becoming materialistic.
On the other hand
, the
economy
is the root of any
country
. A
country
that is
financially strong has more advantages over a poor
nation
. A healthy
economy
means better job opportunities, better income and a healthy lifestyle. A
country
with a healthy
economy
means better infrastructure
such
as schools, colleges, hospitals. The
country
with a better
economy
will have less crime, fewer diseases. All the problem can solve with
the
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finance. A
nation
with a good
economy
will become
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a more
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more
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happier
nation
. For example, Norway and Denmark have a good
economy
and it is recorded as the
most
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happiest nations in the world. To conclude, In my opinion, Higher economical makes a strong
nation
and
people
of that
nation
will be
more
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happier and enjoying a luxurious lifestyle. The community will get more employment and better study.
Submitted by Rajwinder Kaur on

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Topic Vocabulary:
  • standard of living
  • economic development
  • quality of life
  • infrastructure
  • healthcare
  • education
  • job opportunities
  • unemployment
  • poverty
  • technological advancements
  • innovation
  • traditional cultural values
  • social bonds
  • material wealth
  • consumerism
  • social inequality
  • environmental conservation
  • wealth gap
  • vulnerable groups
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