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?

Some individuals are inclined to believe that for a country's economy to grow, people should spend
property
Change preposition
on property
show examples
.
However
, there are contrasting opinions where people assert that it would be better to cut down the expenses.
This
essay will shed light upon both arguments before drawing a logical conclusion and taking my stand.
To begin
with the former view, the proponents state that when people spend a sum of capital, it boosts the economy.
Firstly
, purchasing items include tax,
this
tax ultimately goes to the government, in turn generating revenue. The revenue can be used
further
for various purposes in terms of welfare for the nation.
For instance
, increase in job opportunities, raise in the salary of employees, improving facilities like residencies and much more.
In addition
, the tax generated can improve trading, at a global level,
thus
booming
the
Correct article usage
apply
show examples
economic health more. To exemplify, improvements in importing and exporting items.
However
, the latter view suggests that it is a wiser choice to save funds
instead
of increasing the expenses.
This
is because hard-earned
wage
Fix the agreement mistake
wages
show examples
shouldn't be spending on unnecessary items.
Further
,
this
cash can be used for future purposes. The economy is anyhow not steady. There is always a rise or fall.
Hence
, to conclude and offer my position, I would say that I am in unison with the former view
Submitted by PC on

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You are not ready for IELTS Speaking, if you

  • Can’t speak smoothly without pauses.
  • Use simple words and lack vocabulary.
  • Feel nervous and anxious when speaking.
Topic Vocabulary:
  • economic growth
  • job creation
  • business growth
  • upward economic cycle
  • long-term economic stability
  • sustainable economic growth
  • economic downturns
  • standard of living
  • technological advancements
  • economic resilience
  • social safety nets
  • fiscal stability
  • consumer spending
  • fiscal stability
  • preparedness
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