Economic
development
has become the biggest motive of every country worldwide. Through economic growth, most nations have the objective to ameliorate the standard of living, but it Use synonyms
also
contributes to exacerbating various social values. In my opinion, Linking Words
this
has an equal degree of both advantages and disadvantages.
Linking Words
To begin
with, advancement in the finance of nations enhances job opportunities and people's living standards. Linking Words
Also
, it contributes to various sectors Linking Words
such
as healthcare, infrastructure, and education. Linking Words
For example
, America has the largest economy on a global level; Linking Words
as a result
, various institutes related to health, education, and banking are enlarged. Linking Words
Moreover
, economic Linking Words
development
fosters innovation and technological advancements, which is crucial for the worldwide recognition of a country. Use synonyms
Thus
, there are a plethora of merits regarding the Linking Words
development
of the finances of countries.
Use synonyms
However
, Linking Words
this
Linking Words
development
contributes to inequalities between rich and poor, as growth in the economies of countries mostly benefits prosperous sectors Use synonyms
instead
of middle-class and insolent people. Linking Words
Additionally
, Linking Words
this
Linking Words
development
reduces cultural and social values as communities focus on changing to a materialistic life, which can create a hostile environment in society. Use synonyms
For instance
, research conducted by Oxford University suggested that people in developed countries with vast economies are less social and more materialistic. Linking Words
Therefore
, economic Linking Words
development
has many demerits, as it enlarges the social gap between poor and affluent groups and can create hostile surroundings.
In conclusion, even though advancement in economies of nations improves different institutes Use synonyms
such
as education, infrastructure, and healthcare, we cannot deny its cons. The government should take responsibility to strike a balance between Linking Words
development
in the economy and social values.Use synonyms
sangeetakamboz