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?

Living

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The living

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standard is one of the key attributes that

determines

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determine

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the status of a nation.

Thus

, most countries strive to create

better

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a better

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lifestyle for citizens by enhancing the economy,

however

, some cultural aspects are impacted in the process. I presume that the advantages of

higher

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a higher

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economy overwhelm the sacrifices.

This

essay will elucidate the necessity of business investments as well as the impact on society.

Flourishing

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A flourishing

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economy

have

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has

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several benefits for the nationalities.

First

of all, better business conditions influence more local and foreign investments creating more job opportunities.

This

imposes a decline in

unemployment

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the unemployment

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rate which

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in turn

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inturn

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in turn

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reduces the percentage of poverty.

Secondly

, higher national income is guaranteed from the tax money of business owners and employees.

This

revenue can be used to facilitate the areas requiring enhancement and

of

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apply

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lack.

For example

, the government can invest in improving the education sector or providing more convenient methods of public transport

such

as electric trains.

On the other hand

, a drawback from opening to investors is the loss

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of

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in valuable

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invaluable

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resources.

For instance

, Myanmar, a developing country, permitted trading of natural resources

such

as oil, woods and jade with international companies.

As a result

, after a certain period of exporting, the nation will be left deprived of them.

Hence

, some citizens believe that they are entitled to the benefits of those non-renewable products and are against the idea of selling them. To conclude, it is undeniable that there are certain negative impacts from economic improvements,

however

, it is small compared to the positive attributes. Personally, I believe that individuals get more gains than losses from

this

phenomenon.