plays a vital role in the functioning of any economy, as it influences
individualsCheck wording
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lifestyles and national financial stability.
whileFix capitalization
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some people
beliveUse the right word
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that spending
can
significantVerb problem
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for economic stability,
otherFix the agreement mistake
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argue
savingCorrect word choice
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is essential in
longCorrect article usage
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run.
essay will discuss
points before presenting my own view.
On one hand,
saving can help
to cope
Change preposition
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crisis, encouraging spending
is
a Correct article usage
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vital for
economic growth. When consumers purchase goods and services, it increases demand, high production
levelFix the agreement mistake
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, job creation and increased tax revenue.
can lead to better infrastructure and more facilities for
publicCorrect article usage
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suchPunctuation problem
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as improved health and education
.
, there are
fewCorrect article usage
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businesses that heavily rely on active spending
suchPunctuation problem
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as tourism,
entertainmentCorrect article usage
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industry and retail stores.
,
circulation
moneyChange preposition
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is not only necessary but
stimulates businesses and keeps the economic wheel turning.
,
active spending is necessary to
stimulationReplace the word
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economic growth in
Correct article usage
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short-termUse the right word
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, saving
can play
significantCorrect article usage
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role in securing
futureCorrect article usage
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for
individuals and the government. High saving rates
providesCorrect subject-verb agreement
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stability to individuals for any
financial problems, and
bankFix the agreement mistake
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can lend
to businesses for expansion
whichPunctuation problem
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can result in a growing nation.
, when
financialCorrect article usage
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crisis occurred during
COVID-19Correct article usage
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pandemic, low saving rates contributed to rising
debt and instability.
savingPunctuation problem
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is
crucialCorrect article usage
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element for a resilient financial health.
In conclusion, in my opinion, a
balanceReplace the word
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approach would be a better choice.
spending
income to boost
economyCorrect article usage
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,
savingsUse the right word
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highChange preposition
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rates for any future
.
approach will help
circulationCorrect article usage
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of
and
securedReplace the word
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financial health.