İt would be the first if you checked. Nobody has checked so far. I do not have any idea which band I'm, please help.

QuestionsCategory: Opinionİt would be the first if you checked. Nobody has checked so far. I do not have any idea which band I'm, please help.
dosgortol asked 5 months ago

Some people think that it is better for a country’s economy for people to spend their money while others believe that it would be better for people to save money.
Discuss both sides and give your opinion.
When economy is mentioned, many theories are begun to be discussed. While governments encourage people to spend their money to create a vivid circle to fortify its economies, public perception is generally the opposite as they are more likely to save their money rather than spending it.
There are several reasons why people should spend their money in order to invigorate their economies. The basic need of an economy has always been hot money, particularly in the economic recessions. First of all, spending money creates a dynamic structure which makes money to reach people throughout the country and sometimes even the world. Secondly, spending money would stimulate the productivity. For example in a country, where all people actively shop and invest, the economy would be enhanced as new demands direct people to manufacture more, accordingly, buy more. I, therefore, believe that spending money is the blood of economy which helps it to be stronger.
 
On the other hand, people are more likely to keep an eye on their money. In my opinion, this trend is highly lethal for one’s economy. First of all, in such situations, the economy would be shrunk due to the deprivation of blood, the money. Thus, a decreasing economy would have same detrimental impact on the society. For example, the value of money would dramatically fall down, which would consequently effect businessmen who run international companies. As a result, in all respect production rate would come down across the country that would even make worse the situation. At the end, the country where saving is dominant, would find itself with some enormous fiscal problems, such as current deficit.
 
In conclusion, saving money would have negative impact on the economy, having said that, I do think money is the blood of an economy and it should be spent more for a rich and stronger country.

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1 Answers
Rachel Evans answered 5 months ago

When economy is mentioned, many theories are begun to be discussed. While governments encourage people to spend their money to create a vivid circle to fortify its economies, public perception is generally the opposite as they are more likely to save their money rather than spending it.
There are several reasons why people should spend their money in order to invigorate their economies. The basic need of an economy has always been hot money, particularly in the economic recessions. First of all, spending money creates a dynamic structure which makes money to reach people throughout the country and sometimes even the world. Secondly, spending money would stimulate the productivity. For example in a country, where all people actively shop and invest, the economy would be enhanced as new demands direct people to manufacture more, accordingly, buy more. I, therefore, believe that spending money is the blood of economy which helps it to be stronger.

On the other hand, people are more likely to keep an eye on their money. In my opinion, this trend is highly lethal for one’s economy. First of all, in such situations, the economy would be shrunk due to the deprivation of blood, the money. Thus, a decreasing economy would have same detrimental impact on the society. For example, the value of money would dramatically fall down, which would consequently effect affect businessmen who run international companies. As a result, in all respects, production rate would come down across the country that would even make worse the situation. At the end, the country where saving is dominant (no comma here) would find itself with some enormous fiscal problems, such as current deficit. (…)

In conclusion, saving money would have negative impacts on the economy, having said that, I do think money is the blood of an economy and it should be spent more for a rich and stronger country.
Task achievement – 8.0

  • sufficiently address all parts of the task
  • present a well developed response with relevant extended ideas

Coherence and cohesion – 7.5

  • logically
  • present central topic within each paragraph

Lexical resource – 8.0

  • use wide range of vocabulary
  • fluently and flexibly convey meanings
  • produce rare error in word form

Grammatical range and accuracy – 8.0

  • the majority of sentences are error-free
  • use a wide range of structures

Overall 8.0

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