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What are the advantages of economic development what are the disadvantages of economic development​

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Answer:
Advantages of economic development:-
* It increases consumer income
* lt increases variety of consumer goods and services
* lt increases leisure
* lt increases government revenue
* lt increases provision of public goods and merits goods
* lt promotes national prestige
* In short, it improves the living standard of people
Disadvantage of economic development
* lt increases social costs like pollution and congestion
* lt leads to exhaustion of non-replaceable resources
* Investment in capital goods reduces availability of consumer goods ( Opportunity Cost)
* It has fear of technological unemployment
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