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.

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It is argued
by
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certain individuals that spending
money
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improves a nation's economic status
while
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others believe that saving does that better. Personally, I opine that keeping
money
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for later
use
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builds a
country
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's
economy
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since more
people
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will be financially stable.
Therefore
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in
this
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essay, I will tackle both these views and provide a conclusion. First and foremost, putting
money
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to
use
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ensures that more of it remains in circulation.
In other words
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, because a lot of
people
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spend
money
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, it accords the masses more chances to get hold of it and
thus
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reduces the burden of being broke.
This
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in itself is a plus for a
country
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's
economy
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because not only does the
economy
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boost but
also
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its inflation rate reduces significantly. Take,
for example
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,
in
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a survey conducted on the benefits of having more
people
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spending their
money
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, it was determined that the inflation rate reduced by more than 89 per cent as opposed to when they were saving. In the long run,
this
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influences a
country
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's
economy
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positively.
Nonetheless
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, taking
this
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route oftentimes results in more broke
people
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as
non
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none
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would have kept anything for future
use
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. Based on
this
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fact, I feel spending more does not help a
country
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's
economy
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at all
On the other hand
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, when a lot of
people
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keep the
money
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for future
use
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, it enables them to undertake projects that they would
otherwise
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not have been able to do under normal circumstances. To put
this
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in perspective, it is only when the masses save
money
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that they
would
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will
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be able to build new houses or start a new business with a higher amount from their savings.
For instance
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,
due to
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the low-income
people
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are currently earning, most of them are unable to start a company unless they get a loan or credit card which
further
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cripples the
country
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's
economy
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. The opposite is true when
people
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have been saving.
Nevertheless
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, saving at times takes
money
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out of circulation as
people
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will rarely be using it. Yet, that can be overcome by restricting the amount and period one can save. By way of conclusion, I reaffirm my position that storing
money
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for future
use
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is better than just using it anyhow. The latter only works as a temporal method of improving a
country
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's economic status
while
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saving is
long term
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long-term
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in
this
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regard.
Submitted by rawlingskatongo89 on

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task response
In your essay, you have presented both sides of the argument and given your opinion. However, be cautious of not presenting a biased view. Consider providing a more balanced structure in presenting both arguments, and ensure that the opinion is clear and well-supported.
coherence and cohesion
Your essay shows good logical structure, and the introduction and conclusion are well-presented. However, work on using cohesive devices more effectively, such as transition words and linking phrases, to improve your essay's overall coherence.

Word Count

IELTS says that you should write a minimum of 250 words in writing task 2. If you go under word count you will lose marks in task response.

A very long essay will not give you a higher band score.

Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

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