Many people 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 individuals are targetting to develop and improve their way of living through economic growth but it leads to the loss of some essential social factors.In my opinion, there are more advantages to improving our lifestyle
due to
the development of the recession compared to the disadvantages.
However
, some ethics or good
values
should be maintained the same by each individual even though their day-to-day life is changed. One of the major plus points of growth in the economy to the government is because of the people paying taxes on time. When the economy is good,the ministry will act and implement many needed facilities for the public.
For instance
, the administration can provide good commutation facilities like the metro and others. Their way of living
also
gets changed
due to
the increase in value as they were practically adapting to the environment. Another advantage is that , moral
values
like respecting other individuals, paying taxes to the union, sanitation in public places and all the related things will be maintained by the humans if everything becomes taxable by the authority in the case of any damage. On the other side, there are some disadvantages like the improvement in the recession will not foster social
values
. As it was lost
due to
some unethical things that are happening to the public.
For instance
, traditional problems like caste inequality are still residing in the country and leading to rising problems. Because
,
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poverty is parallelly increasing with national development. In conclusion. there is a number of positives and negatives
due to
the significant rise in economic
values
.I would concede that
,
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the merits are outweighing the demerits because of the improvement in people's growth
as well as
their lifestyle.
Submitted by sunanthakannan on

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