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Sample improved standard of living 1

The document discusses the impact of economic development on the standard of living, arguing that while it can lead to increased workloads and income inequality, the overall benefits include improved living conditions and the ability to address social issues. It acknowledges that wealth does not always equate to happiness but emphasizes that economic growth can enhance citizens' satisfaction through better infrastructure and government action on social problems. The conclusion suggests that nations should pursue economic growth while prioritizing the happiness of their citizens.

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Hùng Bánh Bèo
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11 views2 pages

Sample improved standard of living 1

The document discusses the impact of economic development on the standard of living, arguing that while it can lead to increased workloads and income inequality, the overall benefits include improved living conditions and the ability to address social issues. It acknowledges that wealth does not always equate to happiness but emphasizes that economic growth can enhance citizens' satisfaction through better infrastructure and government action on social problems. The conclusion suggests that nations should pursue economic growth while prioritizing the happiness of their citizens.

Uploaded by

Hùng Bánh Bèo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Nowadays, most countries improve their standard of living through economic

development. But some social values were lost as a result. Do you think the advantages of
the phenomenon outweigh the disadvantages?

It is argued that economic progress in wealthy countries cannot enable their citizens to feel
more satisfied. Although I admit that greater affluence can give rise to work demands and
widen the gap between social classes, I mostly disagree with this notion since it ensures a
greater sense of comfort among people in the form of enhanced living conditions and
effective solutions to community concerns.

On the one hand. I concede that the citizens of a prosperous nation might not experience
greater happiness as a result of further economic prosperity in several aspects. The first one
is that individuals often assume a greater workload. More specifically, in order to expand
the economy, businesses have to boost their productivity and foster innovation, which
normally translates into extended working hours. This may leave employees less time for
personal lives, leading to exacerbating their mental health issues such as stress and
depression. Furthermore, expanding the economy has the potential to increase income
inequality. This is because the benefits of economic growth are often concentrated in the
hands of a few magnates or corporations, rather than being shared equally among all
citizens. As a result, employees receiving minimal or no wage increments may feel
discontented.

On the other hand, I consider improving the economy to be associated with increased
happiness among citizens for several reasons. Most noticeably, an increase in wealth can
also result in improved quality of life. Those living in a thriving economy can be offered
better living conditions, improved infrastructure and greater access to leisure and
entertainment. Therefore, their level of satisfaction can be higher. Another justification is
the financial ability to address social problems. To be more specific, economic growth can
provide resources for governments to tackle social problems like poverty, inequality and
unemployment. If people see that their government is taking action to address these issues,
they may feel more optimistic and content with their lives.

In conclusion, while increased wealth can trigger a higher volume of work and income
disparity in society, I am of the opinion that it greatly contributes to one's fulfillment due to
better living standards and social issues being tackled to establish more pleasant
communities. It is advisable that nations should continue to boost their economic affluence
while considering their people's happiness.
(Word count: 376)

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