From my perspective, I believe that the expenditure of citizens is more beneficial to the economy than saving money. First and foremost, spending money makes a huge contribution to making a country prosperous and thriving. Consumption is always considered as the driving force behind the growth of the economy. The high demand for a product or a service means that companies ought to expand their workforce so as to meet that demand. Therefore, more and more companies will be opened and hence, there are more job opportunities. Furthermore, the expenditure of the customer plays a pivotal role in remaining a business. With no consumption, a company will make no profit to continue and then go bankrupt. Having said that, overexpenditure is nothing short of a burden with the economy of a country. If people spend more money than they can make, they may run up many debts, which will provoke a deep recession. In conclusion, people spending is crucial to the economy but people need to spend wisely
From my perspective, I believe that the expenditure of citizens is more beneficial to the
economy
than saving money.
First
and foremost, spending money
makes
a huge contribution to making a country prosperous and thriving. Consumption is always considered as the driving force behind the growth of the
economy
. The high demand for a product or a service means that
companies
ought to expand their workforce
so as to
meet
that demand.
Therefore
, more and more
companies
will
be opened
and
hence
, there are more job opportunities.
Furthermore
, the expenditure of the customer plays a pivotal role in remaining a business. With no consumption, a
company
will
make
no profit to continue and then go bankrupt. Having said that,
overexpenditure
is nothing short of a burden with the
economy
of a country. If
people
spend more money than they can
make
, they may run up
many
debts, which will provoke a deep recession.
In conclusion
,
people
spending is crucial to the
economy
but
people
need to spend
wisely