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 side and give your opinion?

Although

certain individual think that it is optimum for economic development of nation if people spend

money

. Others believe

that is

shall be better for individuals to save

money

. In my opinion, I support the former notion of spending

money

because trade activity. On the one hand, people thinking of spending

money

as it beneficial for the nation's economy and I agree. Trading activity in a country will carry on only when the public start spending the

money

for purchasing and

accordingly

money

is taken for selling.

This

will not only utilize the resource available, but

also

it encourages to bring new stock of goods in the market.

This

shall roll the

money

in the market by trading movement.

For instance

, As per researcher it was concluded, Indian in the

last

fiscal year 2019 it carried more business and

this

has boosted the Indian economy.

On the other hand

, People believing that it might be better If the

money

is saved. Often people like to retain the

money

in the

bank

or hoard cash with them. Saving in the

bank

will provide the

bank

to finance it to

capitalist

Suggestion

capitalise

in the country which shall be in return invest back in the country.

Hence

this

will ensure adequate finance is available to the businessmen to carry out profitable venture.

For example

, As per Indian economist, It was as certain that in the year 2018 and 2019 there was an increase in

bank

deposits and

this

have promoted to the

bank

to finance development project of the government. In conclusion, People may vary in their opinions, I strongly agree for the people to spend

money

in the market and to continue rolling cash. Which is beneficial to the economic development of the nation.