The development of a nation hugely depends on the people living within. Some people opine that individuals expending money are profitable for the country’s financial state, whereas others believe that retaining funds are more beneficial for such growth. This essay will highlight both views in detail and explain why allocating funds ultimately aids in the emerging economy of a nation.
To begin with, people usually reserve cash in banks. Provided that, such organizations can easily lend capitals to other people in need to establish various small organizations or factories and escalating the income source of the impoverished masses. To cite an example, banks in Nepal grant numerous loan facilities to desirable individuals and this phenomenon has considerably mounted the economy of the country. So, people accumulating their finances in banks have a significant impact on raising the financial status of the state.
Nonetheless, several businessmen spend money to build large multinational companies and organizations. This will certainly skyrocket the employment opportunities and anticipate work to many jobless people and help in mitigating financial issues. Mr. Chaudhary, one of the billionaire of Nepal, had inaugurated several organizations and factories. Thereby allotting job placements to many needy people that had a significant impact on Nepal’s economy. So, people disbursing funds aids in the development of the nation.
In conclusion, I believe in this scenario in the country will be benefitted more provided that people spend money to construct businesses and distribute working options.
The development of a nation
hugely
depends on the
people
living within.
Some
people
opine that individuals expending money are profitable for the country’s financial state, whereas others believe that retaining funds are more beneficial for such growth. This essay will highlight both views in detail and
explain
why allocating funds
ultimately
aids in the emerging economy of a nation.
To
begin
with,
people
usually
reserve cash in banks. Provided that, such
organizations
can
easily
lend capitals to other
people
in need to establish various
small
organizations
or factories and escalating the income source of the impoverished masses. To cite an example, banks in Nepal grant numerous loan facilities to desirable individuals and this phenomenon has
considerably
mounted the economy of the country.
So
,
people
accumulating their finances in banks have a significant impact on raising the financial status of the state.
Nonetheless, several businessmen spend money to build large multinational
companies
and
organizations
. This will
certainly
skyrocket the employment opportunities and anticipate work to
many
jobless
people
and
help
in mitigating financial issues. Mr.
Chaudhary
, one of the billionaire of Nepal, had inaugurated several
organizations
and factories. Thereby allotting job placements to
many
needy
people
that had a significant impact on Nepal’s economy.
So
,
people
disbursing funds aids in the development of the nation.
In conclusion
, I believe in this scenario in the country will be
benefitted
more provided that
people
spend money to construct businesses and distribute working options.
3Linking words, meeting the goal of 7 or more
13Repeated words, meeting the goal of 3 or fewer
2Mistakes