Economic development has led to an increase in the purchasing power among individuals, and they are spending more cash on different things as compared to the past. In my view, there are more positive aspects verses the negative impact. In my essay I will discuss both the views, before I draw a conclusion.
To embark upon, the economic development of a nation has many positive impacts. Developed countries have a higher employment levels, which leads to increasing their spending power of the individuals. For example, we have seen people spending their money on different things like travel, buying latest devices etc. In addition, this also helps in reducing crime in the country. As most of the people are employed and have disposable income they are able to meet their needs as well as the needs of their loved ones. There is less theft in the country as people are employed and earning good earnings.
However, there are some downsides to this. As individuals have a lot of disposable wage, they tend to lose the value of things and money. With technology getting more and advanced each day, people spend a lot of their revenue on latest devices such as mobile phone, laptops, home appliances. Furthermore, this leads to the huge amount of wastage, as people throw away their own devices.
In conclusion, having a huge disposable livelihood among the people of the country portrays a positive sign. However, it is important that such earnings needs to be used wisely which can lead to benefiting the whole society.
Economic development has led to an increase in the purchasing power among individuals, and they are spending more cash on
different
things as compared to the past. In my view, there are more
positive
aspects verses the
negative
impact. In my essay I will discuss both the views,
before
I draw a conclusion.
To embark upon, the economic development of a nation has
many
positive
impacts. Developed
countries
have a higher employment levels, which leads to increasing their spending power of the individuals.
For example
, we have
seen
people
spending their money on
different
things like travel, buying
latest
devices etc.
In addition
, this
also
helps
in reducing crime in the
country
. As most of the
people
are employed
and have disposable income they are able to
meet
their needs
as well
as the needs of their
loved
ones. There is less theft in the
country
as
people
are employed
and earning
good
earnings.
However
, there are
some
downsides to this. As individuals have
a lot of
disposable wage, they tend to lose the value of things and money. With technology getting more and advanced each day,
people
spend
a lot of
their revenue on latest devices such as mobile phone, laptops, home appliances.
Furthermore
, this leads to the huge amount of wastage, as
people
throw away their
own
devices.
In conclusion
, having a huge disposable livelihood among the
people
of the
country
portrays a
positive
sign
.
However
, it is
important
that such earnings needs to be
used
wisely
which can lead to benefiting the whole society.
7.5Linking words, meeting the goal of 7 or more
7.5Repeated words, meeting the goal of 3 or fewer
7.5Mistakes