1 Economic growth
Boost economic growth
Some of the steps to reduce inequality also help to boost economic growth.
| Good | Bad |
|---|---|
| Promote/ maintain economic growth |
Hinder economic growth |
2 The growing gap between (the) rich and (the) poor
Low-income families
Live in poverty
Live below the poverty line
High-income families
Reduce income inequality
3 Are overpaid
Should be better appreciated and better paid
4 Reduce poverty
Create jobs
Reduce unemployment
Narrow the gap between (the) rich and (the) poor
5 Consumer society
Consumer culture
International trade
Technological innovations
Boost productivity
Material prosperity
(Consumers) have more shopping choices
More affordable consumers goods
Improve people's
| Objective | Subjective |
|---|---|
| standard of living | quality of life |
Create more job opportunities
Increase the government's tax revenue
6 Become greedy and selfish
Earn more money
Money and possessions
Become too (materialistic ⇔ idealistic)
Become easily dissatisfied with what they have
7 Develop unhealthy spending habits
Buy things on impulse/ buy things impulsively
Use credit cards irresponsibly
Companies that use water irresponsibly will come under attack from the public.
Find themselves deeply in debt
Should:
Save for the future
Use credit cards responsibly
Develop healthy spending habits
Manage their budget well
Have a sense of financial responsibility
Improve their money-management skills
8 Use more natural resources
Use more energy
Cause damage to the environment
Create more waste and pollution
Burning fossil fuels creates waste and pollution.
9 Status symbols
Luxury cars
Designer clothing
Expensive Mobile phones
Achieve material success
Have a high social status
Equate wealth with happiness
10 The main source of happiness
Achieve happiness
Fame and wealth
Contrast:
Have good relationships with family and friends
Cooperation and sharing
Friendly neighbors
Maintain a good work-life balance
A strong commitment to family and work
Have a steady source of income
Lead a healthy lifestyle
Have a clear view of what is important in life
Do volunteer/ voluntary work
Make donations to charities
Actively participate in community activities
11 Charity/ charitable organization
Provide help to people in need
Make generous donations
