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