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.Describe both sides and give your opinion.

Essay topics:

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.
Describe both sides and give your opinion.

One of the prime factors of country’s economic growth is spending power of its citizens. While some are favoring the trend of monetary consumption to fuel growth, some believe that saving for future use and emergency situations is an ideal way to proceed.

To begin with, there is no denying that the growth of the country is based on the purchasing power of the people. As population spends more, it amplifies fund flow in different sectors, increasing the liquidity in the market. Overall, fuelling the gross domestic product of a country. Secondly, consumption rate is increased since many are investing in buying goods or utilizing services. Therefore, manufacturing industry gets a boost to meet the demand and supply for goods. Finally, the employment rate is improved to support manufacturing sector which inadvertently adds to country’s monetary growth.

On the other hand, some people believe in traditional methods of saving for future and catastrophies.
Their belief is money saved now, is money well earned. The real advantage is visible when a lump sum amount is a withdrawal for investment

after long a period of time. For example, fixed term deposits are the most common way of savings and giving decent
returns to people. In addition, capital gains are high for corporate since deposit base is substantially high when many are savings in bank. Finally, savings lead to freedom from credit and allowing people to live a financially stress free life.

In my view, a more head on the shoulder approach will be equally beneficial to the citizens and nation. Since economic growth will be stalled or move at snail’s speed when savings are greater than spending, whereas a credit based economy is not a healthy symbol for major population.

To conclude, money defines living standard of the people. However, it should be wisely spent and invested for future.

Votes
Average: 9.3 (3 votes)
Essays by the user:

Comments

Grammar and spelling errors:
Line 4, column 15, Rule ID: WHITESPACE_RULE
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Suggestion:
... ideal way to proceed. To begin with, there is no denying that the growth of t...
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Line 4, column 237, Rule ID: WHITESPACE_RULE
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...ng the liquidity in the market. Overall, fuelling the gross domestic product of a...
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Line 4, column 598, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
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...ich inadvertently adds to country's monetary growth. On the other hand, ...
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Line 7, column 1, Rule ID: WHITESPACE_RULE
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...f saving for future and catastrophies. Their belief is money saved now, is mone...
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Line 7, column 141, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
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...um amount is a withdrawal for investment after long a period of time. For example...
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Line 9, column 1, Rule ID: UPPERCASE_SENTENCE_START
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...ount is a withdrawal for investment after long a period of time. For example, fix...
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Line 9, column 1, Rule ID: SENTENCE_FRAGMENT[1]
Message: “after” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
...ount is a withdrawal for investment after long a period of time. For example, fix...
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Line 9, column 14, Rule ID: PERIOD_OF_TIME[1]
Message: Use simply 'period'.
Suggestion: period
...hdrawal for investment after long a period of time. For example, fixed term deposits are t...
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Line 9, column 115, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
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... common way of savings and giving decent returns to people. In addition, capital ...
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Line 10, column 215, Rule ID: A_RB_NN[1]
Message: You used an adverb ('financially') instead an adjective, or a noun ('stress') instead of another adjective.
...from credit and allowing people to live a financially stress free life. In my view, a more head ...
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Line 12, column 105, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... beneficial to the citizens and nation. Since economic growth will be stalled or...
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Line 14, column 13, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
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...ol for major population. To conclude, money defines living standard of the peo...
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Line 14, column 68, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... living standard of the people. However, it should be wisely spent and invested f...
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Transition Words or Phrases used:
finally, however, if, second, secondly, so, therefore, well, whereas, while, for example, in addition, in my view, to begin with, on the other hand

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 21.0 13.1623246493 160% => OK
Auxiliary verbs: 3.0 7.85571142285 38% => OK
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 6.0 7.30460921844 82% => OK
Pronoun: 7.0 24.0651302605 29% => OK
Preposition: 39.0 41.998997996 93% => OK
Nominalization: 7.0 8.3376753507 84% => OK

Performance on vocabulary words:
No of characters: 1601.0 1615.20841683 99% => OK
No of words: 307.0 315.596192385 97% => OK
Chars per words: 5.21498371336 5.12529762239 102% => OK
Fourth root words length: 4.18585898806 4.20363070211 100% => OK
Word Length SD: 2.81879246037 2.80592935109 100% => OK
Unique words: 188.0 176.041082164 107% => OK
Unique words percentage: 0.612377850163 0.561755894193 109% => OK
syllable_count: 495.9 506.74238477 98% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Interrogative: 0.0 0.384769539078 0% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 7.0 4.76152304609 147% => OK

Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 33.8862020793 49.4020404114 69% => OK
Chars per sentence: 88.9444444444 106.682146367 83% => OK
Words per sentence: 17.0555555556 20.7667163134 82% => OK
Discourse Markers: 8.16666666667 7.06120827912 116% => OK
Paragraphs: 8.0 4.38176352705 183% => Less paragraphs wanted.
Language errors: 13.0 5.01903807615 259% => Less language errors wanted.
Sentences with positive sentiment : 14.0 8.67935871743 161% => OK
Sentences with negative sentiment : 2.0 3.9879759519 50% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.323836238707 0.244688304435 132% => OK
Sentence topic coherence: 0.0859758109444 0.084324248473 102% => OK
Sentence topic coherence SD: 0.0712801911682 0.0667982634062 107% => OK
Paragraph topic coherence: 0.1493791368 0.151304729494 99% => OK
Paragraph topic coherence SD: 0.0677651625921 0.056905535591 119% => OK

Essay readability:
automated_readability_index: 11.6 13.0946893788 89% => Automated_readability_index is low.
flesch_reading_ease: 54.22 50.2224549098 108% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 12.64 12.4159519038 102% => OK
dale_chall_readability_score: 9.01 8.58950901804 105% => OK
difficult_words: 88.0 78.4519038076 112% => OK
linsear_write_formula: 8.0 9.78957915832 82% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?

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Maximum five paragraphs wanted.

Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.