Both perspectives, on this issue, have some value; hence there is no one correct response. On the one hand, economic growth is frequently used to measure a country’s progress. As a result, rather than focusing on other aspects, many governments give greater attention to economic growth. Nonetheless, some people may hold opposing views because they place a higher value on social justice, political stability, security, and education. And all of these things, in my opinion, are crucial for the progress of the nation.
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There is no denying that achieving economic prosperity is a key goal for the republican form of government. A country’s fiscal health has a significant impact on the quality of public services, the availability of respectable employment, and the general level of living of the populace. Also, the improvement of almost every public administration area relies on the amount of money the government has at its disposal.
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On the contrary, the government must take care of several other factors that affect a nation’s population’s well-being. The integrity of the legal system in place and the country’s political climate are two of these qualities that are of utmost importance. The advancement of the country will inevitably stall unless the political elites and elected officials are able to provide the public with sufficient service. In addition, urgent attention must be given to problems like social unfairness, a lack of sufficient housing, and inadequate medical and educational resources. As a result, there is no right or wrong response to this query because it is based on personal viewpoints and beliefs. It is important to remember that there is a strong correlation between economic growth and other types of advancement, such as decreases in inequality and poverty. Several studies have demonstrated that, in the majority of situations, economic growth is required but insufficient to achieve other sorts of advancement.
In conclusion, both the government and the populace understand the importance of an economically stable nation, especially in today’s society. Yet, the administration’s efforts should be distributed throughout rather than focused on a single area.
Fiscal – connected with government or public money, especially taxes
Contrary – opposite
Stall- to stop making progress
Elite – a small group of people in a society, etc. who are powerful and have a lot of influence, because they are rich, intelligent, etc.
Inadequate – not enough
Integrity – the state of being whole and not divided
Nonetheless – despite this fact
Utmost – greatest; most extreme
Inevitably – as is certain to happen