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.

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