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 views and give your opinion.

Finances are unquestionably one of the most prevalent and worrying issues in any society, and their management should be taken seriously. Of course, it is crucial for the government to encourage the nation to have some savings.
However
, I believe that spending money would have more benefits for a country’s economy. On the one hand, a number of people believe that saving a part of a person’s budget should definitely have a positive impact on the development of the state. It is known that hundreds of individuals are used to wasting a lot on useless products and entertainment,
therefore
they are not able to cover their needs
such
as food, pills or transport tickets.
However
, if people save some money, it will prevent them from poverty in the future.
For example
, in ,Slovakia young adults are educated not to use at least 10% of their income in order to be prepared for some emergency situations.
On the other hand
, I agree that a county’s budget depends on the purchases and investments of the nation.
Firstly
, after every purchase a customer should pay taxes, which eventually belong to the country,
consequently
, it is better to force inhabitants to buy different goods.
Secondly
, richer humans could invest in some state projects and bring significant changes to society.
For instance
, investments in some new types of energy production
such
as wind, sun or nuclear power generation would help the government and influence economic conditions.
To conclude
, despite varying opinions, I reckon that individuals had better spend their money rather than merely save them in order to develop a regional economy.
Submitted by sofsya.fedorenko.2001 on

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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Topic Vocabulary:
  • Disposable income
  • Consumer expenditure
  • Economic growth
  • Financial security
  • Standard of living
  • Economic downturn
  • Savings rate
  • Investment
  • Infrastructure
  • Innovation
  • Market demand
  • Economic stability
  • Interest rates
  • Macroeconomics
  • Sustainable growth
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