You have enough money to purchase either a house or a business. Which would you choose to buy? Give specific reasons to explain your choice.
Having money is one thing, and choosing a project in which to invest it is the most decisive option that one has to consider. While others prefer to open businesses with their money, in my opinion, purchasing a house is the best option to invest money.
First and foremost, purchasing a house has fewer risks than a business. There are good houses that one can buy and receive rents for many years. For instance, there is a house my father told me he bought in 1975 and put to rent, and it is still intact to date. Since my parents are all retired civil servants, we all now depend on the income from it.
Secondly, a very good house can be a source of wealth to plan for the future. Rural exodus has recently increased in my country and house rents have also been witness to a tremendous increase. With this effect, those who have houses in towns are making more money that they can use to sponsor the education of their children and the well-being of their families.
Finally, house owners do not stress themselves collecting the money due them. House owners have specific dates when they collect house rents. This is not the case with businesses. Business owners spend much of their time making phone calls, negotiating prices, sending employees to collect money on a daily base and so on. Many people purchase products on credit, and in some cases they disappear without paying their debts. These cases do not happen with house owners. If a tenant does not pay his or her rent for a month, you can send him or her out, and another one comes in.
In conclusion, there are many ways to invest money such as: purchasing a house or a business but houses are more advantageous in that; solid houses last long, generate much income and owners do not have to stress a lot collecting the money due them.
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Written by: Pierre Nzuah
In your country, is there more need for land to be left in its natural condition or is there more need for land to be developed for housing and industry? Use specific reasons and examples to support your answer.
There is a huge amount of undeveloped land in my country that has brought a debate on whether it should be exploited or allowed to remain in its natural state. While the government has embarked that the land should be allowed to remain in its natural condition, in my opinion, a good portion of it should be develope d for habitation and industry.
Firstly, some portion of the country’s land should be given for students graduating from universities. There are many students graduating in the field of agriculture, and prohibiting them from exploiting part of the land for important agricultural projects is depriving them from putting what they have acquired in school into practice. In addition, if land is exploited in a good way, especially when it is given to those who have a good knowledge in forestry and environment, its current state can be improved and make it a good tourist site.
Secondly, the state should construct houses on some part of the land. It is very important for the state to build houses on part of its land to generate revenue that can be used to sponsor some states projects like: electricity supply and road construction. Cities are well-known because of their infrastructural development and I am sure that, if this is done in my country, it will be a place to be. Thirdly, the success of a country’s economy is determined by the number of industries it has. Currently, my country imports most of its basic necessities from foreign countries, because the products of the few manufacturing industries are not sufficient to meet the needs of its citizens. So, developin g industries on some portion of the land will reduce the importation rate of the country and reduce the unemployment rate. In addition, roads constructed to link those...