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.
Discuss both sides and give your opinion.
It is considered by some that spending help improves a nation economically, while others think that saving money offers additional advantages. Although consumer spending creates new job opportunities, I believe that it is essential for a country to save for the future of its citizens.
On the one hand, many think there are obvious economic benefits for a country when its citizens purchase more goods. This is because when there is an increase in outlay on products and services, a good number of the population becomes gainfully employed. In other words, the spending of one typically becomes the earnings of the other. For instance, many of the current goods manufactured in places like China and sold to continents like Europe and North America require shipping either by land or sea. This will create jobs in the transport and construction industry from the expansion of their warehouses and stores for the products. Also, the government will generate more from tax as a result of the boom in businesses and the large workforce. The revenue generated can be used in other public services such as healthcare and education. Thus, it is profitable when people spend rather than save.
On the other hand, a country benefits economically when people save according to some. On obvious reason for this is that saving offers considerable positive immediate and long-term benefits. Take for example, the ongoing unprecedented pandemic has made a large number of the population lose their jobs, businesses have also been forced to close down. The monies kept as savings serve as stimulus packages to the affected individuals, which has helped them to cope with the financial hardships. Besides, when people save more, banks will be able to lend more to firms for investments. This means, the more savings, the more the available money for investments, the more economic growth.
In conclusion, although there is high demand and more job opportunities when people spend, I think that a country’s economy stands a better chance to progress and become less reliant if the citizens are encouraged to save.
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Grammar and spelling errors:
Line 5, column 255, Rule ID: LARGE_NUMBER_OF[1]
Message: Specify a number, remove phrase, or simply use 'many' or 'numerous'
Suggestion: many; numerous
...ongoing unprecedented pandemic has made a large number of the population lose their jobs, busines...
^^^^^^^^^^^^^^^^^
Transition Words or Phrases used:
also, besides, if, so, thus, while, for example, for instance, i think, in conclusion, such as, as a result, in other words, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 12.0 13.1623246493 91% => OK
Auxiliary verbs: 4.0 7.85571142285 51% => OK
Conjunction : 11.0 10.4138276553 106% => OK
Relative clauses : 12.0 7.30460921844 164% => OK
Pronoun: 19.0 24.0651302605 79% => OK
Preposition: 37.0 41.998997996 88% => OK
Nominalization: 6.0 8.3376753507 72% => OK
Performance on vocabulary words:
No of characters: 1769.0 1615.20841683 110% => OK
No of words: 343.0 315.596192385 109% => OK
Chars per words: 5.15743440233 5.12529762239 101% => OK
Fourth root words length: 4.30351707066 4.20363070211 102% => OK
Word Length SD: 2.78549725841 2.80592935109 99% => OK
Unique words: 196.0 176.041082164 111% => OK
Unique words percentage: 0.571428571429 0.561755894193 102% => OK
syllable_count: 560.7 506.74238477 111% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 10.0 2.52805611222 396% => Less articles wanted as sentence beginning.
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 38.5762176408 49.4020404114 78% => OK
Chars per sentence: 104.058823529 106.682146367 98% => OK
Words per sentence: 20.1764705882 20.7667163134 97% => OK
Discourse Markers: 8.35294117647 7.06120827912 118% => 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 : 2.0 3.9879759519 50% => More negative sentences wanted.
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.352579492621 0.244688304435 144% => OK
Sentence topic coherence: 0.106954058805 0.084324248473 127% => OK
Sentence topic coherence SD: 0.0732973803299 0.0667982634062 110% => OK
Paragraph topic coherence: 0.227092530739 0.151304729494 150% => OK
Paragraph topic coherence SD: 0.0512266395706 0.056905535591 90% => OK
Essay readability:
automated_readability_index: 13.0 13.0946893788 99% => OK
flesch_reading_ease: 51.18 50.2224549098 102% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.1 11.3001002004 98% => OK
coleman_liau_index: 12.65 12.4159519038 102% => OK
dale_chall_readability_score: 8.96 8.58950901804 104% => OK
difficult_words: 94.0 78.4519038076 120% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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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.