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 sides and give your opinion.

Spending or saving

money

Use synonyms

has been one of the vigorously discussed topics in many communities. A segment of society is convinced that for the economical development of a

country

Use synonyms

, individuals should spend more of their financial resources on purchasing goods and products. Others,

however

Linking Words

, believe the opposite. The following paragraphs will discuss both opinions and explain why expenditures are necessary for a

country

Use synonyms

's

economy

Use synonyms

. On the one hand, saving

money

Use synonyms

is important for the

economy

Use synonyms

of every

country

Use synonyms

.

First

Linking Words

of all, savings help a

country

Use synonyms

to overcome economic recession and default. In

this

Linking Words

case, individuals will have financial resources to cover basic needs, rather than falling into despair.

Secondly

Linking Words

, increased savings means that banks have enough resources to lending

money

Use synonyms

for investment purposes.

As a result

Linking Words

, more new businesses will be able to enter the market. Which in turn will

additionally

Linking Words

stimulate economic growth.

For instance

Linking Words

, if banks lend

money

Use synonyms

to a construction company, that would mean that more people will get employed and the problem of housing lack will be alleviated.

On the other hand

Linking Words

, there is a ground to believe that expenditures are more essential for the

economy

Use synonyms

. Gross Domestic Product, in short GDP, represents the health of a given

country

Use synonyms

. Only consumption can increase

this

Linking Words

indicator and precisely define the economical situation. To illustrate, in order to cater to the increased demand, manufacturers have to produce more goods,

this

Linking Words

, in turn, creates more job openings.

As a result

Linking Words

, more people will get financial rewards and will be potential consumers for other businesses. While with low consumption rates, businesses will fail and face become bankrupt. To conclude, I believe that consumer sendings are more efficient for the

economy

Use synonyms

of a

country

Use synonyms

.

Nonetheless

Linking Words

, the importance of savings should not be ignored.