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. What is your opinion about this?

Several people thought that spending is necessary for the improvement of a country’s

economy whereas

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economy, whereas

some people argued that saving

money

is more beneficial. In my personal opinion, both factors are vital in boosting the

economy

,

however

, people should practice the sense of equality or balance in accordance with their needs and the nation. Arguably, people work hard and purchase everything they needed so as to improve their daily

living

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lives

. Through

this

, they can

fulfill

put in effect

fulfil

their necessities and helps in improving the

economy

. As a matter of fact, the consumer spending accounts for about 70% in the

economy

of a certain nation, meaning, as people continuously use their

money

to purchase commodities, the companies

also

increase their production per demand.

As a result

, there will be an increase in economic value, leading in a successful

economy

.

On the other hand

, there are still people choosing to save for their future. But unknowingly, in some ways, people’s saving is vital to the whole country.

For instance

, a buoyant businessman deposits enormous sums of

money

in the bank as a savings account. The deposited

money

is

then

utilized by the bank in lending

loans especially

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loans, especially

in large companies, which is used for more investments.

Therefore

,

the more investment

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the more investors

will enhance a booming

economy

.

Finally

, in my opinion, the country’s

economy

is benefited by people’s saving and spending,

however

, in a certain degree it causes harm,

thus

balance

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the balance

is useful. In terms of spending, when it has been

fueled

heated, driven, or produced by burning fuel

fuelled

by credit cards, people will end up in huge debts caused by irresponsible use. With regards to saving, when people are too focus to save

money

on the cost of consumption, the

economy

will

also

harm. In

others

not the same one or ones already mentioned or implied

other

words, if there is no

consumers

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consumer

demand of a product, companies have no choice but to close due to bankruptcy, resulting in low income and lose jobs. To sum up, saving and spending

fulfill

put in effect

fulfil

the individuals and

economy

needs.

However

, too much in both ways will dangerously lead to unnecessary things, so, everyone should know when to spend and save for the sake of the whole. It is just a matter of balancing things in

proper way

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a proper way

.