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.

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The importance of
money
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in
increasing the
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increasing, the
economy
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of a
country
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cannot be overemphasized. While most people argue that it is beneficial to set aside funds, I completely agree that spending boost the
country
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's providence.
To begin
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, supporters of the idea that savings is more advantageous to the
economy
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believe that personal savings help the
economy
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to grow.
This
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is because
,
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,
they provide funds that bank lends to business owners.
For example
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, a company borrows
money
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to build a new factory
,
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,
this
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investment leads to an increase in the company's output.More goods are
produced
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produced, hence
hence
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increasing growth of the
country
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's
economy
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.
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However I
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However, I
do not believe
this
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argument stand up to scrutiny.
This
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is because
increase
Suggestion
the increase
an increase
in expenditure of funds is more beneficial to the
economy
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hoarding it because it is an essential condition for production and prosperity of the
country
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.
Additionally
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, there is increased cash flow during expenditure by buying and selling of goods and services
therefore
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increasing the economic wealth.To illustrate, if there is an increased demand for a particular product or service
,
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,
the supply for
this
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request is increased so there is a rise in the flow of
money
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in the
economy
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. In conclusion
,
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,
I would argue
thatthe
Suggestion
that the
benefits of disbursement of
money
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to the
economy
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is
Suggestion
are
greater than keeping up funds necessary for the
economy
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.

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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Topic Vocabulary:
  • Disposable income
  • Consumer expenditure
  • Economic growth
  • Financial security
  • Standard of living
  • Economic downturn
  • Savings rate
  • Investment
  • Infrastructure
  • Innovation
  • Market demand
  • Economic stability
  • Interest rates
  • Macroeconomics
  • Sustainable growth
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