Although there is a view that spending more money has many advantages for country's economy, some people think focus should be on saving money rather than spending it. In my opinion, both of ideas are vital in boosting the economy; however, people's spending is more pivotal to nation in many aspects including more start-ups projects and job opportunities.
It is believed that saving money can be advantageous in dark days, and everyone should restrain their spending. Through this people can ensure their basic future needs, for example, when they get retirement from their job or become invalid to work, they can easily utilize their spendings. Nevertheless it is well-thought in short terms, in long run this can have a huge negative effect on society. What I mean by this, today, most of the currencies are facing inflation. Such processes are just inevitable, no matter how much revenue you have, in some days its value can become like a penny. Thus, investing this money in new technologies and businesses can rescue us from being useless in long future.
Spending money can be seen as a booster to society. If many people spend their earnings apart from fulfilling their necessities, new startups begin to be set up to satisfy market's demand. In turn, this leads to arise a big demand in labour force. The more people are employed, the wealthier nation becomes. Besides that, having seen such a big income-generating market, investors may get appealed, and this interest force them to subsidize a huge amount of money. This also brings about golden opportunities to expand business capabilities of society and society itself may improve their life style.
In conclusion, while people may vary in their opinions, I am a firm believer spending money can stimulate economy by opening more businesses, which in turn improves life standart of nation
Although there is a view that
spending
more
money
has
many
advantages for country's economy,
some
people
think
focus should be on saving
money
rather
than
spending
it. In my opinion, both of
ideas
are vital in boosting the economy;
however
,
people
's
spending
is more pivotal to nation in
many
aspects including more
start
-ups projects and job opportunities.
It
is believed
that saving
money
can be advantageous in dark days, and everyone should restrain their
spending
. Through this
people
can ensure their basic future needs,
for example
, when they
get
retirement from their job or become invalid to work, they can
easily
utilize their
spendings
.
Nevertheless
it is well-
thought
in short terms, in long run this can have a huge
negative
effect on
society
. What I mean by this,
today
, most of the currencies are facing inflation. Such processes are
just
inevitable, no matter how much revenue you have, in
some
days its value can become like a penny.
Thus
, investing this
money
in new technologies and businesses can rescue us from being useless in long future.
Spending
money
can be
seen
as a booster to
society
. If
many
people
spend their earnings apart from fulfilling their necessities, new startups
begin
to
be set
up to satisfy market's demand. In turn, this leads to arise a
big
demand in
labour
force. The more
people
are employed
, the wealthier nation becomes.
Besides
that, having
seen
such a
big
income-generating market, investors may
get
appealed, and this interest force them to subsidize a huge amount of
money
. This
also
brings about golden opportunities to expand business capabilities of
society
and
society
itself may
improve
their
life style
.
In conclusion
, while
people
may vary in their opinions, I am a firm believer
spending
money
can stimulate economy by opening more businesses, which in turn
improves
life
standart
of nation