"As individuals, people save too little and borrow too much"
From your perspective, how accurate is the view expressed above? In your discussion, be sure to consider the conditions under which it is appropriate to save money and the conditions under which it is appropriate to borrow.
In the developed world the majority of people are becoming ever more materialistic resorting to over consumption in order to satisfy their illusive needs imposed by our money driven society. It is this clear why people, as individuals, borrow too much and save too little. If we take a look at the current financial crisis we can see that most people owe a great deal of money to various lenders, either banks of private lenders, the so called loan sharks.
First of all, there are two primary motivations associated with money borrowing. One is practical necessity, in other words building your fi...
- "The degree of censorship for improper content and language in radio and television programs varies in different countries"Discuss the extent to which the government and other bodies should be allowed to censor public media. 80
- The market for the luxury-good industry is on the decline. Recent reports show that a higher unemployment rate, coupled with a customers fears, has decreased the amount of money the average household spends on both essential and nonessential items, but es 40
- The following appeared in a memorandum to the planning department of an investment firm:"Costs have begun dropping for several types of equipment currently used to convert solar energy into electricity. Moreover, some exciting new technologies for convert 90
- The following appeared in a report presented for discussion at a meeting of the directors of a company that manufactures parts for heavy machinery:“The falling revenues that the company is experiencing coincide with delays in manufacturing. These delays, 80
- The following appeared in an article in a travel magazine:"After the airline industry began requiring airlines to report their on-time rates, Speedee Airlines achieved the number one on-time rate, with over 89 percent of its flights arriving on time each 90
Attribute Value Ideal
Score: 5.5 out of 6
Category: Excellent Excellent
No. of Grammatical Errors: 0 2
No. of Spelling Errors: 0 2
No. of Sentences: 24 15
No. of Words: 629 350
No. of Characters: 3129 1500
No. of Different Words: 333 200
Fourth Root of Number of Words: 5.008 4.7
Average Word Length: 4.975 4.6
Word Length SD: 2.633 2.4
No. of Words greater than 5 chars: 235 100
No. of Words greater than 6 chars: 158 80
No. of Words greater than 7 chars: 114 40
No. of Words greater than 8 chars: 74 20
Use of Passive Voice (%): 0 0
Avg. Sentence Length: 26.208 21.0
Sentence Length SD: 11.045 7.5
Use of Discourse Markers (%): 0.583 0.12
Sentence-Text Coherence: 0.277 0.35
Sentence-Para Coherence: 0.474 0.50
Sentence-Sentence Coherence: 0.097 0.07
Number of Paragraphs: 5 5