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Band 5.5

Some people think that it is better for a country's economy for people to spend money while other believe that it would be better for people to save money. Discuss both sides and give your opinion.

#people #country #economy #money
Many people believe that it is good for a nation's economy for citizens to expend
money whereas
Accept comma addition
money, whereas
rest
Suggestion
the rest
 of people think that it would be beneficial for individuals to save
fund
Suggestion
funds
. In my opinion, both factors are vital in boosting the economy,
however
, people should practice the sense of balance in accordance with their needs and the nation. On the one hand, the spending is vital for the nations. The stability of the economy is measured by means of gross domestic
product which
Accept comma addition
product, which
 is called GDP in short. Consumption
is require
Suggestion
is required
 to increase
this
 factor as increased usage by people increases the
demand which
Accept comma addition
demand, which
 in turn give a rise in production which means higher GDP.
For example
, it is reported in
Times
Suggestion
the Times
 of India that the GDP of USA was the highest in all over the globe in
last decade
Suggestion
the last decade
 because of Americans spend more money as
result
Suggestion
a result
 of
this
states
Suggestion
state
State
 GDP was the highest.
On the other hand
, the value of the saving in terms of money is important for the individual to fight with the catastrophic situations.
Firstly
, the corporate saving would save the company in
time
Suggestion
the time
 of the crisis when it does not get the loan from the bank.
Secondly
, domestic conservation can save the family at the time of calamities like natural disasters and recession.
on
Suggestion
On
 the contrast, if more and more folks start savings at the cost of consumption, the cycle of the demand-supply will be breached which can harm the development of the society.
For instance
, a survey conducted by English health manager James Carlos that only 20% of
britisher
 had good saving to tackle with catastrophic situations in 2015. To conclude, it is quite essential that every person should maintain between the spending and savings for the health financial situations and to handle emergencies.

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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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Essentional vocabulary list for IELTS Writing 7+

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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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