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
Correct article usage
a country's
economy
has sparked controversy over the potential impact of this
trend on country
over the years. In my opinion, I agree that spending Add an article
the country
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
to run the Add an article
the government
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
should make rules and regulations to strict rich Correct article usage
the government
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
should introduce awareness lectures and seminars on saving Add an article
the government
money
for the country
's economy
. Saving money
, therefore
, plays an imperative role in Correct article usage
the country
country
Change noun form
country's
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.Submitted by rizwan.shaukat969 on
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task response
Ensure that the essay directly addresses the prompt and fully discusses both sides of the argument. Make sure to provide a clear opinion with supporting arguments.
coherence and cohesion
Focus on organizing the essay in a more logical and coherent manner. Provide a clear and structured introduction and conclusion, and ensure that each paragraph supports the main points effectively.
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.