It is quite common these days for the government in many countries all over the world to prioritise economic growth
above all
other aspects Linking Words
such
as education, healthcare or social welfare. Linking Words
This
essay will discuss the benefits and drawbacks of Linking Words
this
trend.
On the one hand, there are several reasons why developing an economy is beneficial. A common reason is that economic expansion will enable consumers to purchase more goods and services and enjoy better standards of living. Another element is that profit-making growth will Linking Words
also
lower unemployment because , with higher outputs, factories tend to employ more workers. Linking Words
As a result
, people easily find a job and it's certain that the community's lives will be secured. Linking Words
In addition
, higher money-making will reduce government borrowing because of creating higher tax revenue. Linking Words
Therefore
, it will reduce debt for that country. Linking Words
For example
, it is easy to recognise that people who are living in wealthy Linking Words
region
like Korea have more comfortable lives than individuals who are living in developing public like Cambodia Fix the agreement mistake
regions
such
as road systems, healthcare and good social welfare.
Linking Words
On the other hand
, there are a number of disadvantages that the authorities should take into consideration. One obvious drawback is that education is Linking Words
also
a priority to improve because education is a background of the economy. Another negative impact is that if healthcare is not developing well, the community will face to pandemic of sickness which can pull the economy down very fast. Linking Words
For example
, in 2019, Covid pandemic caused a lot of human and economic tolls for many countries.
In conclusion, budgetary growth could bring about certain benefits, but its negative consequences should not be overlooked.Linking Words
yeshomeclass