Many people argue that spending or saving is good for the country_s
. While there are benefits to save
, I would believe that people should spend
for a reason.
On the one hand, saving
is important to the
of each country.
, Savings will be used to deal with undesirable situations
as default or economic recession. When these situations occur, people can easily solve them without causing serious consequences for the
, when people deposit savings in the bank, the bank will have the capital to lend to individuals and businesses. By doing so, they will improve productivity, increase investment to make profits and the
, there is a ground for the belief that the spending is vital for the growth of the nations. The stability of the
is measured by means of Gross Domestic Product, which is called GDP in short. Consumption is required to increase
factor as increased usage by people increases the demand, which in turn give a rise in production which means higher GDP.
, 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.
, the more people spend, the higher GDP is, which leads to the development of the
In conclusion, while it seems to me that the advantages of saving
is obvious, spending
is the better choice.
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