People Think That it is Better for a Country’s Economy for People to Spend Money- IELTS Writing Task 2
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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.
Sentences 1&2 – Paraphrase the topic using synonyms to create an understanding of it.
Sentence 3 – Mention that this topic has both sides to discuss, and both are equally important to create a balance.
Paragraph 1 – Elucidate your views on how spending money will stimulate the country’s economy.
Paragraph 2 – Implore how saving money will protect an individual’s future and the coming generations.
Restate your views.
Several people think that spending is necessary for improving a country’s economy, whereas some argue that saving money is more beneficial. In my opinion, both factors are vital in boosting the economy. However, people should practice a sense of equality or balance per their needs and the nation.
On the one hand, people need to spend money to stimulate the economy because one person’s spending is the earnings of others. Economists believe that governments should encourage consumer spending to end the recession and that people’s expenditure on things is the single most imperative driving force of any country’s economy. Additionally, several businesses can flourish if people spend money on entertainment and luxury. To illustrate, the tourism and hotel industry are based on the people’s expenditures on amusement. In general, money spending is a crucial factor in boosting any economy.
On the other hand, some argue that saving money will protect an individual’s future and the coming generations. They think that investment would generate more money, reinforcing the economy in the longer run. For example, savings in a bank would be reinvested in some businesses, eventually creating a sustainable economy. People supporting this theory believe in mindful spending based on the need for the product. They are opposed to the idea of frivolous spending.
To conclude, although there are some benefits of saving income, people’s expenditure is a must for the overall economic growth of a country. I reckon that for the smooth running of the economy, people should spend money to provide income to various businesses and their employees.
Meaning – resulting in good; favourable or advantageous.
Example – It is often quite beneficial to decide on a school first and then look for housing after.
Meaning – encourage or arouse interest or enthusiasm in.
Example – The up and down movement of the body during running may stimulate bowel activity.
Meaning – the action of spending funds.
Example – There had been high expenditure on repairs to the clock and the outside light.
Meaning – of vital importance; crucial.
Example – It has become imperative for those in the business of rejuvenating the people to create this awareness.
Meaning – (of a living organism) grow or develop in a healthy or vigorous way, especially as the result of a particularly congenial environment.
Example – The business will flourish only if you work hard and pay attention to the market trends.
Meaning – strengthen or support (an object or substance), especially with additional material.
Example – Your current routine includes strengthening garage doors, reinforcing your pre-designated safe room, or even elevating coastal homes.
Meaning – able to be maintained at a certain rate or level.
Example – While luxury gives us comfort, we should realize that this is not sustainable.
Meaning – not having any serious purpose or value.
Example – In such a situation, a handshake is unthinkable and a mere waving of one hand is somehow too frivolous.
Meaning – consider or regard in a specified way.
Example – As Jon might expect, I reckon the logical progression is indeed open to argument.
Meaning – taking everything into account.
Example – Both legs and abstract shapes contribute to an almost painterly overall compositional effect.