some people think that 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 opinions
Money has been considered as the prime resource in this materialistic world. Some people believe that it should be saved for the future usage in tough times while others assume it is better to increase the consumption for the strong economic growth of the country. And the essay below will explain more about my opinion.
There is a ground for the belief that the spending is vital for the growth of the nations. The stability of the economy is measured by means of Gross Domestic Product, which is called GDP in short. Consumption is required to increase this factor as increased usage by people increases the demand, which in turn give a rise in production which means higher GDP. For instance, if the demand for the product or the service increases, it is manufacturing increases, which give employment to many which again increases the spending giving rise in demand. This is a full circle and a break in one stage could harm this process and eventually the community. On the contrary, if this spending is fuelled by the credit more than the income, then consumers would be brought under the mountain of the debt. A prime example is the American citizens who are under higher debits owing to their extravagant nature of spending more than earning. Thus, expenditure according to the income is crucial.
On the other hand, the value of the thrift is important for both the industry and the individual to fight with the catastrophic situations. Firstly, the corporate saving would save the company in times of the crises when it does not get the loan from the bank. Secondly, if the mass population would deposit money in the bank, then it can be used for a loan to the corporate for capital gains. Thirdly, domestic conservation can save the family at the time of calamities like natural disasters and recession. On the contrast, if more and more folks start savings at the cost of the consumption, the cycle of the demand-supply will be breached which can harm the development of the society. For example, fewer requirements mean less production this causes higher cost which again lessens the demand and finally the industry. Thus, it is imperative for citizens to save enough to cope up with unwanted situations, but not at the limit which affects the GDP.
In conclusion, saving and spending fulfil the individuals and economy needs. However, too much in both ways will dangerously lead to unnecessary things, so, everyone should know when to spend and save for the sake of the whole. It is just a matter of balancing things in a proper way.
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Comments
Essay evaluations by e-grader
Grammar and spelling errors:
Line 7, column 269, Rule ID: IN_A_X_MANNER[1]
Message: Consider replacing "in a proper way" with adverb for "proper"; eg, "in a hasty manner" with "hastily".
...It is just a matter of balancing things in a proper way.
^^^^^^^^^^^^^^^
Transition Words or Phrases used:
but, finally, first, firstly, however, if, second, secondly, so, then, third, thirdly, thus, while, for example, for instance, in conclusion, in short, on the contrary, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 20.0 13.1623246493 152% => OK
Auxiliary verbs: 12.0 7.85571142285 153% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 13.0 7.30460921844 178% => OK
Pronoun: 17.0 24.0651302605 71% => OK
Preposition: 54.0 41.998997996 129% => OK
Nominalization: 10.0 8.3376753507 120% => OK
Performance on vocabulary words:
No of characters: 2119.0 1615.20841683 131% => OK
No of words: 439.0 315.596192385 139% => Less content wanted.
Chars per words: 4.82687927107 5.12529762239 94% => OK
Fourth root words length: 4.57737117129 4.20363070211 109% => OK
Word Length SD: 2.63166278143 2.80592935109 94% => OK
Unique words: 226.0 176.041082164 128% => OK
Unique words percentage: 0.514806378132 0.561755894193 92% => More unique words wanted or less content wanted.
syllable_count: 654.3 506.74238477 129% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 21.0 16.0721442886 131% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 40.9004654321 49.4020404114 83% => OK
Chars per sentence: 100.904761905 106.682146367 95% => OK
Words per sentence: 20.9047619048 20.7667163134 101% => OK
Discourse Markers: 8.85714285714 7.06120827912 125% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 12.0 8.67935871743 138% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.332683928859 0.244688304435 136% => OK
Sentence topic coherence: 0.0860202112289 0.084324248473 102% => OK
Sentence topic coherence SD: 0.0886562673882 0.0667982634062 133% => OK
Paragraph topic coherence: 0.206797011524 0.151304729494 137% => OK
Paragraph topic coherence SD: 0.0803109647215 0.056905535591 141% => OK
Essay readability:
automated_readability_index: 11.8 13.0946893788 90% => Automated_readability_index is low.
flesch_reading_ease: 59.64 50.2224549098 119% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 10.73 12.4159519038 86% => OK
dale_chall_readability_score: 8.26 8.58950901804 96% => OK
difficult_words: 101.0 78.4519038076 129% => OK
linsear_write_formula: 8.0 9.78957915832 82% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
---------------------
Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
---------------------
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.
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Grammar and spelling errors:
Line 7, column 269, Rule ID: IN_A_X_MANNER[1]
Message: Consider replacing "in a proper way" with adverb for "proper"; eg, "in a hasty manner" with "hastily".
...It is just a matter of balancing things in a proper way.
^^^^^^^^^^^^^^^
Transition Words or Phrases used:
but, finally, first, firstly, however, if, second, secondly, so, then, third, thirdly, thus, while, for example, for instance, in conclusion, in short, on the contrary, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 20.0 13.1623246493 152% => OK
Auxiliary verbs: 12.0 7.85571142285 153% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 13.0 7.30460921844 178% => OK
Pronoun: 17.0 24.0651302605 71% => OK
Preposition: 54.0 41.998997996 129% => OK
Nominalization: 10.0 8.3376753507 120% => OK
Performance on vocabulary words:
No of characters: 2119.0 1615.20841683 131% => OK
No of words: 439.0 315.596192385 139% => Less content wanted.
Chars per words: 4.82687927107 5.12529762239 94% => OK
Fourth root words length: 4.57737117129 4.20363070211 109% => OK
Word Length SD: 2.63166278143 2.80592935109 94% => OK
Unique words: 226.0 176.041082164 128% => OK
Unique words percentage: 0.514806378132 0.561755894193 92% => More unique words wanted or less content wanted.
syllable_count: 654.3 506.74238477 129% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 21.0 16.0721442886 131% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 40.9004654321 49.4020404114 83% => OK
Chars per sentence: 100.904761905 106.682146367 95% => OK
Words per sentence: 20.9047619048 20.7667163134 101% => OK
Discourse Markers: 8.85714285714 7.06120827912 125% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 12.0 8.67935871743 138% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.332683928859 0.244688304435 136% => OK
Sentence topic coherence: 0.0860202112289 0.084324248473 102% => OK
Sentence topic coherence SD: 0.0886562673882 0.0667982634062 133% => OK
Paragraph topic coherence: 0.206797011524 0.151304729494 137% => OK
Paragraph topic coherence SD: 0.0803109647215 0.056905535591 141% => OK
Essay readability:
automated_readability_index: 11.8 13.0946893788 90% => Automated_readability_index is low.
flesch_reading_ease: 59.64 50.2224549098 119% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 10.73 12.4159519038 86% => OK
dale_chall_readability_score: 8.26 8.58950901804 96% => OK
difficult_words: 101.0 78.4519038076 129% => OK
linsear_write_formula: 8.0 9.78957915832 82% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
---------------------
Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
---------------------
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.