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

Although
, it is thought that the
economy
of a particular country would be benefited if having local’s consumption, other people consider savings is more
favorable
encouraging or approving or pleasing
favourable
in several ways. In my opinion, I agree with the idea that it is beneficial for the economic system if having
money
circulation rather than being reserved. On the one hand, some people think spending
money
is a good way to boost up the
economy
and I agree. There are some several reasons behind
this
conception.
First thing
Suggestion
The first thing
to take into account is that more consuming brings more sales to the companies. As its result, the
economy
will become wealthier as a whole.
Furthermore
, additional demands resulting in extra spendings encourage more products from the manufacturers.
Thus
, it leads to a significant increase in production as well as job creations.
Additionally
, since spending helps increase total incomes for the companies, they will pay more tax for the government.
Consequently
, the state will have sufficient budget to subsidize for public demands
such
as health care and infrastructure.
On the other hand
, a country would be benefited from saving, according to some. It might come from the perception that putting some dollars of unused funds in a bank could be useful for
lending activities
Suggestion
the lending activities
of the financial systems.
However
,
this
might create unexpected economic risks if the borrowers went default and unable to pay back their debts.
Besides
, saving
money
to pursue higher education or better
healthcare
Suggestion
health care
is
also
noticed as benefits for the
economy
in terms of future high-quality workforce. In conclusion,
although
saving
money
is thought as a better solution for the
economy
, in my view, a country is likely to receive significant economic benefits when letting its people using their
money

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