In many countries, the government prioritises economic growth above all other concerns. Discuss the advantages and disadvantages of this.

In many nations, the administration emphasizes
on
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economic
prosperity
above all other factors.
This
essay is going to discuss how
the
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apply
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economic
prosperity
provides advantages
such
as
income
increase of citizens and improvement of lifestyles and disadvantages like
income
gap among citizens as well as
dictatorship
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a dictatorship
the dictatorship
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of governments. One of the biggest advantages of
the
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economic
growth
is the improvement in
citizen's
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citizens'
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income
.
Income
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The income
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of the citizen increases when the number of
well paid
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well-paid
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jobs increases in the economy.
As a result
of the
income
increase, the happiness of the citizens will
also
improve.
In addition
, the
income
increase and infrastructure development
such
as bridges,
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the subway
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subway
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subways
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will lead to improvement of lifestyles for the citizen. These infrastructural developments will enhance business and
prosperity
in
economy
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the economy
show examples
.
For example
, Bangladesh current infrastructural development in Padma Bridge, which cost $100 billion will yield to $1 Trillion every year once the bridge opens.
On the other hand
, one of the disadvantages of
the
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economic
growth
via capitalism is the
income
gap between riches and
poors
Correct your spelling
poor
.
This
income
disparity is growing due to the fuel of capitalism, which is only increasing the number of rich people worldwide.
Furthermore
, economic
prosperity
depends on the sustainability of the governments.
As a result
of the
governments
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,governments
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long-term sustainability is imposing
threat
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a threat
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to democracy.
For instance
, Bangladesh’s current government is in power for over10 years without an election, which has hurt democracy, whereas significant economic
growth
has been achieved, according to The Daily Mail of England. In conclusion, the sustainability of the government surely helps in the economic
growth
and can improve citizen’s lifestyles up to a certain extent. But,
the
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apply
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democracy could be lost in the process.
Submitted by toriqul1976 on

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Topic Vocabulary:
  • economic growth
  • quality of life
  • standard of living
  • infrastructure development
  • employment opportunities
  • environmental impact
  • wealth disparity
  • modernization
  • sustainable development
  • Gross Domestic Product (GDP)
  • industrialization
  • ecological footprint
  • capital investment
  • urbanization
  • economic prosperity
  • fiscal policy
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