Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?

#people #money #development

Nowadays,

people

tend to enjoy spending

money

rather than saving it for later use.

This

essay will discuss factors contributing to

this

trend and explain why I think

this

is a positive thing.

To begin

with, the popular use of credit cards and other personal loan programs make it easy for

people

to spend more

money

to buy their dream products before they actually have the ability to afford them. In old days, if a family wish to buy an expensive home appliance, they have to save

money

for a few weeks or months in order to have enough

money

However

, now,

this

family could easily purchase the product via the after pay program without waiting to have enough savings, which only require them to pay a number of instalments in the following days. Another primary reason for

this

phenomenon is that

people

have a high priority need to increase their living standards in a timely manner. To achieve

this

goal, spending

money

on a variety of tangible and non-tangible items is considered an efficient way. They will not be able to wait and save

money

for a long time. In my opinion, the trend of spending

money

rather than saving it is a positive development in modern

society

. From an economics perspective, household consumptions and investments would contribute to the aggregate demand of a whole

society

, which energize economic growth. When

people

spending

money

, the sales of products and profits of the businesses will go up, encouraging more production and more employments in the business sectors.

This

leads to stable incomes and jobs for more

people

within these sectors, which in turn creates more household spendings.

As a result

, the economic growth of the whole

society

will remain relatively stable. As discussed above, nowadays

people

choose to spend

money

because of the easy accessibility to credit cards programs, and their increasing needs to improve living standards in a timely manner. And I believe

this

is a positive development for a

society

Submitted by liu_yuanyuan on Sat Sep 04 2021

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Fully explain your ideas

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For we to consider an essay structure a great one, it should be looking like this:

Paragraph 1 - Introduction

Sentence 1 - Background statement
Sentence 2 - Detailed background statement
Sentence 3 - Thesis
Sentence 4 - Outline sentence

Paragraph 2 - First supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 3 - Second supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 4 - Conclusion

Sentence 1 - Summary
Sentence 2 - Restatement of thesis
Sentence 3 - Prediction or recommendation

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4Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

332 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?

Fully explain your ideas

universites should accept equal number of male and female in every subject ? at what extent do you agree or disagree?

Some people say that the best way to improve public health is by increasing the number of sports facilities. Others, however, say that this would have little effect on public health and that other measures are required. Discuss both these views and give your own opinion.

In many countries, there is an increasing trend in using mobile phone apps for payment purpose instead of old way of cash handling. What is your opinion. Explain with examples.

Some people think that parents should teach their children how to be good members of society. Others, however, believe that school is the best place to learn this. Discuss both views and give your own opinion.

In some countries, young people are encouraged to work or travel for a year between finishing high school and starting university studies. Discuss the advantages and disadvantages for young people who decide to do this.