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

In many countries, the government emphasizes economic
development
above all
other needs of
people
. The benefits of prioritizing economic
development
are they increase the
income
of
people
, and
people
can meet all their basic needs. The drawbacks are other sectors of a
country
get neglected, and some
people
earn unnecessarily. One of the benefits of economic growth is it increases the yearly
income
of
people
. If a
country
is economically rich,
people
from there can earn a satisfactory salary.
Moreover
, in an economically developed
country
, the price of all basic necessities is affordable.
Therefore
,
people
can afford all their daily needs within a certain budget, which eliminates discrimination between rich and poor.
For instance
, Australia is economically rich, and here rich and poor
people
can easily meet all their basic needs easily within a very affordable price. One of the drawbacks of prioritising economic
development
is other important sectors of a
country
do not get proper attention from the government. Education, employment, healthcare, and infrastructure experience negligence, which is detrimental to a
country
.
In addition
, through economic growth, some
people
earn unnecessary
income
. They become richer, compared to the middle-class and working-class
people
of a
country
.
For example
, after economic
development
in Bangladesh, rich
people
of
this
country
became richer, which illustrates a huge gap in the earnings of the whole nation. In conclusion, emphasizing economic growth increases
income
, and makes basic needs accessible.
However
, the other important sectors get neglected, and some
people
become richer.
Submitted by rahman_rehana 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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