The topic of government financial support for small businesses is a recurring theme in IELTS Writing Task 2. Based on an analysis of past IELTS exams and current economic trends, this subject is likely to appear frequently in future tests. Its relevance to global economic policies and local business development makes it a prime candidate for examination. Let’s explore a sample question and provide model essays for different band scores.
Analyzing the Question
Some people think that governments should provide financial assistance to small businesses to help them survive and grow. Others believe that this is not the government’s responsibility. Discuss both these views and give your own opinion.
This question presents a balanced argument about government intervention in supporting small businesses. It requires candidates to:
- Discuss arguments for government financial assistance to small businesses
- Explore reasons against such government support
- Provide a personal opinion on the matter
Let’s break down the key elements:
- Topic: Government financial support for small businesses
- Task: Discuss both views and give your opinion
- Key points to address: Reasons for and against government assistance, personal stance
Model Essays
Band 9 Essay
Small businesses are often considered the backbone of many economies, and the question of whether governments should provide financial support to these enterprises is a topic of considerable debate. While some argue that such assistance is crucial for economic growth and stability, others contend that it falls outside the government’s purview. This essay will examine both perspectives before offering a balanced view on the matter.
Proponents of government financial aid for small businesses argue that such support is essential for fostering innovation and maintaining a healthy economic ecosystem. Small enterprises often struggle to secure loans from traditional financial institutions due to their limited credit history or collateral. Government assistance, in the form of grants, low-interest loans, or tax incentives, can provide these businesses with the necessary capital to survive initial challenges and grow. Moreover, supporting small businesses can lead to job creation, stimulate local economies, and promote economic diversity, which is crucial for long-term economic resilience.
On the other hand, critics of government intervention argue that such support distorts market forces and can lead to inefficiencies. They contend that businesses should survive or fail based on their own merits and that government assistance may prop up non-viable enterprises, wasting public resources. Furthermore, determining which businesses deserve support can be a complex and potentially biased process, leading to accusations of favoritism or misallocation of funds. There is also concern that reliance on government aid may discourage entrepreneurial spirit and innovation, as businesses might become overly dependent on external support rather than developing sustainable business models.
In my opinion, a balanced approach is most beneficial. While I believe that the primary responsibility for a business’s success lies with the entrepreneur, I also recognize the vital role that small businesses play in economic development and social stability. Therefore, I propose that governments should offer targeted and time-limited support to small businesses, particularly in sectors deemed strategically important or during times of economic crisis. This support should be coupled with mentorship programs and business education initiatives to ensure that businesses develop the skills necessary for long-term success.
In conclusion, while the debate over government financial support for small businesses is complex, a nuanced approach that combines limited financial assistance with educational support can strike a balance between fostering economic growth and maintaining market efficiency. This strategy can help create a robust and diverse business landscape while encouraging entrepreneurial self-reliance.
(Word count: 398)
Band 7 Essay
The question of whether governments should provide financial support to small businesses is a contentious issue. While some believe it is essential for economic growth, others argue it’s not the government’s responsibility. This essay will discuss both viewpoints before presenting my own opinion.
Those in favor of government assistance argue that small businesses are crucial for the economy. They create jobs, drive innovation, and contribute to local communities. However, these businesses often struggle to get loans from banks, especially when starting up. Government support, through grants or low-interest loans, can help them overcome initial financial hurdles. This assistance can be particularly important during economic downturns when small businesses are most vulnerable.
On the other hand, opponents of government intervention believe that the market should determine which businesses succeed or fail. They argue that government support can lead to unfair competition and may keep inefficient businesses afloat. There’s also concern about the potential misuse of public funds and the difficulty in deciding which businesses deserve support. Critics suggest that governments should focus on creating a favorable business environment through policies and regulations rather than direct financial assistance.
In my view, while I understand the arguments against government intervention, I believe that some level of support for small businesses is beneficial for the overall economy. However, this support should be carefully managed and targeted. For example, governments could focus on providing assistance to businesses in emerging industries or those that address social needs. Additionally, support could be tied to specific goals, such as job creation or innovation.
In conclusion, while the debate over government support for small businesses is complex, I believe a balanced approach that offers limited, strategic assistance can help foster economic growth without overly distorting market forces. This approach can contribute to a diverse and resilient business landscape.
(Word count: 298)
Band 6 Essay
The topic of government financial support for small businesses is debated by many people. Some think it’s a good idea, while others disagree. I will discuss both sides and give my opinion.
People who support government help for small businesses say it’s important for the economy. Small businesses create jobs and help local communities. They often have trouble getting money from banks, especially when they’re just starting. Government help, like giving them money or loans with low interest, can help them start and grow. This is especially helpful when the economy is bad and small businesses might close.
However, some people think the government shouldn’t help small businesses. They believe businesses should succeed or fail on their own. They worry that government help might keep bad businesses going, which isn’t good for the economy. They also think it’s hard to choose which businesses to help, and it might not be fair. These people say the government should just make good rules for business instead of giving money.
I think some government help for small businesses is good, but it should be careful and not too much. The government could help businesses that are new and important, or ones that help society. They could also give help that has rules, like the business must create jobs.
In conclusion, while there are good points on both sides, I believe some government support for small businesses can be good for the economy if it’s done carefully.
(Word count: 246)
Explanation of Band Scores
Band 9 Essay Breakdown:
- Task Response (9): Fully addresses all parts of the task with a well-developed response.
- Coherence and Cohesion (9): Skillfully managed paragraphing with a clear central topic in each paragraph.
- Lexical Resource (9): Wide range of vocabulary used with very natural and sophisticated control of lexical features.
- Grammatical Range and Accuracy (9): Wide range of structures with full flexibility and accuracy.
Band 7 Essay Breakdown:
- Task Response (7): Addresses all parts of the task, though some parts may be more fully covered than others.
- Coherence and Cohesion (7): Logically organized information with clear progression throughout.
- Lexical Resource (7): Sufficient range of vocabulary for the task with good control of complex lexical items.
- Grammatical Range and Accuracy (7): Variety of complex structures used with good control, though with occasional errors.
Band 6 Essay Breakdown:
- Task Response (6): Addresses all parts of the task, although some points are only partially developed.
- Coherence and Cohesion (6): Information is arranged coherently with some overall progression.
- Lexical Resource (6): Adequate range of vocabulary for the task, with some attempts at less common vocabulary.
- Grammatical Range and Accuracy (6): Mix of simple and complex sentence forms with some errors that do not impede communication.
Key Vocabulary to Remember
- Financial assistance (noun) – /faɪˈnænʃəl əˈsɪstəns/ – monetary help or support
- Economic resilience (noun phrase) – /ˌekəˈnɑmɪk rɪˈzɪliəns/ – ability of an economy to withstand or recover from shocks
- Entrepreneurial spirit (noun phrase) – /ˌɑntrəprəˈnɜriəl ˈspɪrɪt/ – characteristic of being willing to take risks in business
- Market forces (noun) – /ˈmɑrkɪt ˈfɔrsɪz/ – economic factors affecting the price and availability of goods and services
- Innovation (noun) – /ˌɪnəˈveɪʃən/ – introduction of new ideas, methods, or products
- Collateral (noun) – /kəˈlætərəl/ – asset used as security for a loan
- Economic downturn (noun phrase) – /ˌekəˈnɑmɪk ˈdaʊntɜrn/ – a period of reduced economic activity
- Targeted support (noun phrase) – /ˈtɑrɡətəd səˈpɔrt/ – assistance aimed at specific groups or sectors
- Sustainable business model (noun phrase) – /səˈsteɪnəbəl ˈbɪznəs ˈmɑdl/ – a plan for running a business that can be maintained without depleting resources
- Economic ecosystem (noun phrase) – /ˌekəˈnɑmɪk ˈikəʊˌsɪstəm/ – the network of organizations involved in the delivery of a specific product or service
Conclusion
Mastering the art of writing about government support for small businesses in IELTS Task 2 requires a deep understanding of economic concepts, the ability to analyze different perspectives, and the skill to articulate your thoughts clearly and coherently. The sample essays provided demonstrate how to approach this topic at different band levels, highlighting the importance of vocabulary range, grammatical accuracy, and logical organization.
For further practice, consider writing essays on related topics such as:
- The role of small businesses in national economic growth
- Government policies to encourage entrepreneurship
- The impact of globalization on local businesses
- The balance between free market principles and government intervention in the economy
Remember, the key to improving your IELTS writing skills is consistent practice. Try writing your own essay on this topic and share it in the comments section for feedback and discussion. This active engagement will help you refine your writing skills and prepare effectively for the IELTS exam.
For more insights on related economic topics, you might find our articles on how global trade agreements affect local economies and whether governments should impose higher taxes on the wealthy helpful in broadening your perspective and vocabulary for IELTS Writing Task 2.