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.

It is true that expenditures boost the

economy

of the country. While some

people

argue that saving and investing financial resources can be good for the

economy

, others assert that spending money may have a conducive effect on the country's well being. In

this

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

.

Firstly

, when

people

start consuming goods and services, producers will have to increase the market supply.

Consequently

, manufacturers and businesses will hire more employees in order to cater to the demand.

Thus

,

people

will have more employment opportunities. Alternatively, with less population consumption, businesses may get extinct.

For example

, if all the

people

stop consuming sugar, it will adversely affect the

economy

and the citizens.

On the other hand

, consumption has negative drawbacks on society and the environment. More specifically,

people

may buy goods they don't really need, the

third

iron or fifth bag and soon start throwing away.

As a result

, the environment will be full of waste.

However

, the accumulation of wealth can be equally good for the

economy

of the country. Funds invested by

people

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

. Even so, I tend to believe that investments can be beneficial for the individual and the government.