ome people think that it is better for a country’s economy for people to spend money while others believe that it would be better for people to save money. Discuss both sides and give your opinion. v.1
ome people think that it is better for a country’s economy for people to spend money while others believe that it would be better for people to save money. v. 1
While it is considered by some people that spending money by people is advantageous for a state’s economy, others think that it is better to save the money people have. In my opnion, it is more beneficial to save money, as it would be crucial for people’s future.
On the one hand, people spending money benefited the country’s economy. If individuals tend to buy a certain commodity or avail a certain paid public services, it would require them to pay an amount of money they have. This would be critical to boost the financial sector of the state, as state provides services in return of money paid to avail these services and goods. A recent survey by the Economics Department of London, for instance, conducted a study that a nation’s economy alone boosts up to 50%, due to the national products purchased and services availed by its public.
On the other hand, the opponents of the former view says that saving money is beneficial for people and should not be spent and I agree. This is because they have earned money through several hardships and struggles, as well as the money they possess may be of a great need or rescue them in the severe circumstances, which may come later in life. People can earn money easily only at their young age, as they are able to opt for struggles, but that would not be easy in old age. Thus, saving money would be vital for their daily living expenses, and medical purposes, later in life. Research by National Corporation of Sociology, China, for example, showed a study that people who save money for their future are independent and survive far more than those who do not.
In conclusion, some people are of the opinion that spending money is good for the country’s economy, as the items they purchased or services avail are, in turn, strengthening the state’s economy. However, in my view, it is more advantageous for people to save money, since it would be of great assistance to them later in life.
While it
is considered
by
some
people
that spending
money
by
people
is
advantageous for a
state’s
economy
, others
think
that it is better to
save
the
money
people
have. In my
opnion
, it is more beneficial to
save
money
, as it would be crucial for
people’s
future.
On the one hand,
people
spending
money
benefited the country’s
economy
. If individuals tend to
buy
a certain commodity or avail a certain paid public
services
, it would require them to pay an amount of
money
they have. This would be critical to boost the financial sector of the
state
, as
state
provides
services
in return of
money
paid to avail these
services
and
goods
. A recent survey by the Economics Department of London,
for instance
, conducted a study that a nation’s
economy
alone boosts up to 50%, due to the national products
purchased
and
services
availed by its public.
On the other hand
, the opponents of the former view says that saving
money
is beneficial for
people
and should not
be spent
and I
agree
. This is
because
they have earned
money
through several hardships and struggles,
as well
as the
money
they possess may be of a great need or rescue them in the severe circumstances, which may
come
later in life.
People
can earn
money
easily
only
at their young age, as they are able to opt for struggles,
but
that would not be easy in
old
age.
Thus
, saving
money
would be vital for their daily living expenses, and medical purposes, later in life. Research by National Corporation of Sociology, China,
for example
,
showed
a study that
people
who
save
money
for their future are independent and survive far more than those who do not.
In conclusion
,
some
people
are of the opinion that spending
money
is
good
for the country’s
economy
, as the items they
purchased
or
services
avail are, in turn, strengthening the
state’s
economy
.
However
, in my view, it is more advantageous for
people
to
save
money
, since it would be of great assistance to them later in life.
8Linking words, meeting the goal of 7 or more
42Repeated words, meeting the goal of 3 or fewer
2Mistakes