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

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for different purposes or holding

money

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for the

economy

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

money

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for the betterment of

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country's

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a country's

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economy

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has sparked controversy over the potential impact of

this

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trend on

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country

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the country

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

money

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on the

economy

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of the homeland has certain advantages,

however

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, there are many disadvantages as well.

This

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essay will elaborate on both sides of view and

thus

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

money

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by different means better for the

economy

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of the

country

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

money

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will circulate around all the classes of the

country

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.

Moreover

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, a higher class person earns

money

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and spends

money

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by building a factory, lower class

people

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will get employment and

also

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cash for their needs.

For example

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, 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

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, individuals paying taxes to the

government

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also

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helps

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government

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the government

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to run the

country

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better.

People

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spending

money

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,

therefore

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, plays a vital role in the state

economy

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as well as

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helps provide jobs to low-class

people

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.

On the other hand

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, fewer individuals know the benefits of holding

money

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in the banks for the state

economy

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, approaches to deal with the problems of sustaining

money

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

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government

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the government

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should make rules and regulations to strict rich

people

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to invest

money

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

money

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

For instance

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

people

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of Canada.

Moreover

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,

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government

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the government

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should introduce awareness lectures and seminars on saving

money

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for the

country

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's

economy

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. Saving

money

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,

therefore

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, plays an imperative role in

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Correct article usage

the country

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country

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country's

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economy

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

money

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is prominent and both of them have advantages as well,

although

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solutions can be well handled.