Most countries want to improve the 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. In my opinion, the advantages of economic development outweigh the negatives.

People

argue that having rapid economic growth could lead to the loss of social values because high economic growth directly creates injustice between the rich and poor.

This

imbalance would have a minor impact on the social divide.

Furthermore

, humanity and morals will suffer

as a result

of their reliance on materialistic values, which include disregard for the poor.

For example

, the wealthy community may not be able to tolerate building relationships,

such

as assisting the impoverished as a social value

in addition

to the economic side.

Nonetheless

, every coin has two sides and despite some drawbacks of developed economies, there are several advantages from economic growth to meet human needs. More work opportunities are created when the economy grows. Job income can assist

society

in escaping poverty and provide

people

with a higher level of living.

Furthermore

, public services for

society

would be improved, including health and education, anybody can get an education if they can afford the tuition fee. Through education,

people

receive a diversity of knowledge in different subjects

,

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and learn how to use it for a better

society

. By

this

means, economic development becomes essential to most countries for welfare and happiness. By way of conclusion, economic progress, in general, has a positive impact on

people

's quality of life.

People

must work harder to adapt as

society

develops. If we become conscious of basic human principles, which everyone can fully understand now through modern means, the divide between affluent and poor would close.