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Writing Samples
Band 8.5

Some People Think It Is Better For A Country’s Economy For People To Spend Money While Others Believe It Would Be Better For People To Save Money Discuss both sides and give your opinion.

#people #country’s #economy #money
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It is true that expenditures boost the
economy
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 of the country. While some
people
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 argue that saving and investing financial resources can be good for the
economy
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, others assert that spending money may have a conducive effect on the country's well being. In
this
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 essay, I will discuss both sides of the argument and explain my support of the former view. There are many reasons to believe that consumerism positively affects the
economy
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.
Firstly
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, when
people
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 start consuming goods and services, producers will have to increase the market supply.
Consequently
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, manufacturers and businesses will hire more employees in order to cater to the demand.
Thus
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,
people
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 will have more employment opportunities. Alternatively, with less population consumption, businesses may get extinct.
For example
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, if all the
people
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 stop consuming sugar, it will adversely affect the
economy
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 and the citizens.
On the other hand
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, consumption has negative drawbacks on society and the environment. More specifically,
people
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 may buy goods they don't really need, the
third
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 iron or fifth bag and soon start throwing away.
As a result
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, the environment will be full of waste.
However
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, the accumulation of wealth can be equally good for the
economy
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 of the country. Funds invested by
people
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 in banks can be taken by someone else who needs funds to start a business. To sum up, both ideologies have some advantages in the longer run. It is difficult to prove that one is better than the other for the
economy
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. Even so, I tend to believe that investments can be beneficial for the individual and the government.
Submitted by shoira.shakirovna on

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