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Some 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.

#people #country’s #economy #money
Although
 it is sometimes thought that spending
money
 stimulates a country’s
economy
, other people consider that the focus should be on saving
money
. In my opinion, I believe that spending
money
 is the best solution for a country’s
economy
 to be flourished. On the one hand, some people think that spending
money
 will help a country’s
economy
 to be leading and prosperous in the long run and I agree. Consumer spending can be considered the driving force behind an
economy
, where increased spending reflects the
consumer’s
Suggestion
consumer
 confidence in a country’s
economy
.
This
 confidence will entice people to buy more things as people buy things only because of the image of power, success, and glamour associated with them.
Furthermore
, new businesses will open to cope with increased consumer demand, which will result in creating more
jobs
Suggestion
job
 opportunities as more businesses open.
This
 can bring more economic advantages to society as a whole.
On the other hand
, it is often believed that it is better for a country’s
economy
 if the emphasis is on saving
money
. Because an increase in savings allows banks more flexibility in lending
money
 for investment.
This
 can help small companies to expand their projects and create more jobs to residents. Another reason why saving
money
 is useful for a country’s
economy
 because saving
money
 for old age is essential and eases the strain on social welfare because old people without enough
money
 will drain a country’s
economy
.
Moreover
, if spending is based on credit, it will result in too much debt.
In other words
, a country which has too much debt has more financial problems because the country is obligated to return
this
 debt to the lenders, and
this
 will put more strain on other sectors
such
as, healthcare,
Suggestion
as healthcare,
 education, etc. In conclusion, while people may vary in their opinion, I think that spending
money
 can stimulate the
economy
 by opening more businesses, which will result in creating more jobs.
Submitted by hworld300 on

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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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