Many countries 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?
It is always been witnessed that a vast sum of nations target monetary growth causing extinction of crucial moral beliefs. Exploitation of culture is the only drawback having negligible significance in front of its umpteen merits ranging from national growth and employment.
Undeniably, having more emphasis on financial outputs mounts adverse effects on social values of community. The first and foremost is the tendency to leave the communal believes behind considering money as first priority. To put it easily, if individuals focus more to grow financially then they may unconsciously abandon the norms inculcated in them to survive in society. Hence, several necessary cultural values would wipe off from personal and official levels.
Admittedly, economic gains can make any country competent to fetch multifarious benefits. The most salient one is the colossal rise in economic status of community due to ceaseless supply of funds. To elaborate it, monetary outputs instill encouragement in people to conquer the phenomenal targets as they would have continuous investments to endow. As a result, more and more laurels would be brought to the nation at global level.
Additionally, establishment of new projects to earn bucks facilitates surging employment rates. To explicate it, developing firms need workforce with enthusiasm and skill to withstand the sky rocketing competition and they approach to such kind of people by catering them desired wages. Thus, number of capable candidates secure jobs and get their bread and butter to spend a comfortable life.
In conclusion, although loss of cultural values is the adverseness associated with the rising economy, not only rising respect internationally but also creating job vacancies, superseding its cons.
Ques;- Many goverments think that economic progress is their most important goal. some people, however, think that other types of progress are equaly important for a country. discuss both views and give your opinions?