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.

The importance of using

money

for different purposes or holding

money

for the

economy

of the state, which was always debatable, has now become more controversial. The substantial influence of allocating or saving

money

for the betterment of

country's

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a country's

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economy

has sparked controversy over the potential impact of

this

trend on

country

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the country

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over the years. In my opinion, I agree that spending

money

on the

economy

of the homeland has certain advantages,

however

, there are many disadvantages as well.

This

essay will elaborate on both sides of view and

thus

will lead to a logical conclusion. At the outset, there are numerous reasons why investing

money

by different means better for the

economy

of the

country

, but the most conspicuous one lies in the fact that the

money

will circulate around all the classes of the

country

.

Moreover

, a higher class person earns

money

and spends

money

by building a factory, lower class

people

will get employment and

also

cash for their needs.

For example

, a study published by the University of Manchester revealed that 80 per cent of the factories in the United Kingdom were owned by non-governmental persons.

Additionally

, individuals paying taxes to the

government

also

helps

government

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to run the

country

better.

People

spending

money

,

therefore

, plays a vital role in the state

economy

as well as

helps provide jobs to low-class

people

.

On the other hand

, fewer individuals know the benefits of holding

money

in the banks for the state

economy

, approaches to deal with the problems of sustaining

money

in national reserves are numerous, but the most effective one is that

government

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the government

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should make rules and regulations to strict rich

people

to invest

money

in national banks, which is not unattainable and impractical but comprehensive and feasible. Holding

money

in national reserves reduces the risks of exchange rates and it does not need to reserve currency to do trade.

For instance

, a study published by the University of Regina revealed that 60 per cent of the national bank reserves are occupied by the local

people

of Canada.

Moreover

,

government

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the government

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should introduce awareness lectures and seminars on saving

money

for the

country

's

economy

. Saving

money

,

therefore

, plays an imperative role in

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the country

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country

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country's

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economy

. In conclusion, Based on the above-mentioned facts, it can be concluded that the impact of holding or spending

money

is prominent and both of them have advantages as well,

although

solutions can be well handled.