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.

The social development and lifestyle of

people

are directly associated with the economic growth of nations

that is

why it is the prime focus of the majority of governments.

This

materialistic approach has devastating impacts on cultural and traditional norms. I believe that the benefits of economic prosperity are far more than its side effects on social values.

To begin

with, there are a few negative effects of economic progress on social norms. Social bonds become weaker with financial well-being, as

people

can buy anything which they want and their mutual dependence minimizes.

Moreover

, in a society influenced by consumerism, individuals think about profit and loss and they don't care about social and cultural values.

For instance

, a commercial corporation that wants to earn money even jeopardizing local tradition,

it

Correct pronoun usage

apply

show examples

would have catastrophic consequences.

On the contrary

, there are enormous positives of fiscal growth.

First

and foremost, the lifestyle of

people

would significantly improve because they have enough funds to spend better life and buy luxuries for them.

Secondly

, it would raise the standard of health in a society, for ,example if a country is economically prosperous it would have surplus money for healthcare services which ultimately decline the mortality rate in the nation.

Last

but not the least, the financial well-being of

people

gives them a sense of security which is incredibly important for their mental health and prevent them from psychiatric illness like depression, anxiety and psychosis. In conclusion, in my

opinion

Add a comma

,opinion

show examples

even though economic development may cause turmoil in social values, it enhances the

people

's standard of living

such

as better housing, and medical facilities.