The “Business and Money Essay” is a common topic in the IELTS Writing Task 2 section. In this task, candidates are given 40 minutes to write an essay of at least 250 words discussing themes related to business growth, corporate responsibility, profit-making, and economic impact. These essays often require candidates to express opinions, evaluate contrasting views, or propose solutions to business-related challenges.
To perform well in this task, it is important to plan a clear and logical structure before writing. A strong essay on business and money should include an introduction, well-developed body paragraphs, and a concise conclusion. Candidates should ideally spend the first few minutes outlining their key points, examples, and viewpoints to ensure clarity and coherence.
In this article, we have provided sample essays on business and money topics that will help IELTS test-takers improve their writing skills. If you are preparing for the IELTS exam in 2025, use these samples as a guide to boost your performance and aim for a higher IELTS band score.
IELTS Writing Task 2: Business and Money IELTS Essay Sample 1
Essay 1: Some People Think the Main Purpose of Business Is to Make Money. Others Believe That Businesses Should Do More for Society. Discuss Both Views and Give Your Opinion.
While some people believe that the true focus of business is making money and profit for the organization, others believe that business plays an important role in the well-being of society and people. I believe business plays a dual role, rather than only earning money and profit.
Business is typically profitable and established with a focus on making money for the overall growth of the organization. Businesses can not survive without earning money. Businesses can build a strong foundation, creating employment opportunities for needy potential employees. Profit in the business is the reward of taking risks and hard work.
However, businesses don’t operate in a bubble. Their activities affect the environment, the communities they work in, and even public health. That’s why many believe companies should go beyond just making money. For instance, some companies use eco-friendly packaging, support local charities, or make sure their workers are treated fairly. These actions show that they care about more than just profit. In fact, businesses that do good often build better trust with customers.
To conclude, I feel the best businesses are those that balance profit with purpose. Making money is necessary, but if companies also help society, they leave a positive impact that lasts longer than just financial success.
IELTS Writing Task 2: Business and Money IELTS Essay Sample 2
Essay 2: Some People Think That Spending a Lot of Money on Celebrations Like Weddings and Birthdays Is Wasteful. Others Think It Is Important for Individuals and Society. Discuss Both Views and Give Your Opinion.
Celebrations like weddings and birthdays are important parts of life. There’s a constant debate among people regarding the use of money in celebrations. Some people believe that using money on weddings and birthdays is a complete waste of money, whereas others believe that these celebrations are part of our society and meaningful to our lives; therefore, spending money is not a waste.
Celebrations require a lot of money in decorations, expensive venues, and fancy food. People who are not in favor of celebrations believe that we should not spend our hard-earned money on these. Using a lot of money on such occasions can lead to stress and even long-term debt. Such people favour spending money on essential items, investments, and buying assets rather than wasting it on mere celebrations.
On the other hand, many people see celebrations like weddings and birthdays as an essential part of our lives. They bring people together. Celebrating different occasions can create memories that stay with us throughout our lives. In some cultures, a big wedding is a symbol of love, family honor, and tradition. Additionally, people should spend their money on things that are truly valuable and important for their happiness.
In my opinion, spending on celebrations is completely okay. However, people should spend their money within a limit rather than taking on a financial burden through debt and loans.
Common Vocabulary for Business and Money IELTS Essay
Using accurate and topic-specific IELTS vocabulary can significantly improve the quality of your IELTS Writing Task 2 essay. When writing about business and money, it is important to use relevant terms that show your understanding of financial and corporate concepts. Below is a list of commonly used words and phrases for Business and Money topics, along with simple meanings and example sentences.
Vocabulary
Meaning (Simplified)
Example Sentence
Revenue
Money earned by a business
The company’s annual revenue increased by 20% last year.
Profit margin
The difference between income and expenses
Small businesses often have a lower profit margin than large corporations.
Entrepreneur
A person who starts a new business
Many young entrepreneurs are using social media to promote their startups.
Start-up
A new and small business
He left his job to launch a tech start-up with his friends.
Investment
Money put into a business to make a profit
Foreign investment can boost the economy of a developing country.
Monopoly
A market dominated by a single company
The government introduced new laws to prevent monopoly in the telecom sector.
Bankruptcy
The state of not having enough money to pay debts
The restaurant went bankrupt after the lockdown.
Cash flow
The movement of money in and out of a business
Poor cash flow management can lead to financial trouble.
Overhead costs
Ongoing business expenses
Rent and salaries are part of a company's overhead costs.
Market competition
Rivalry between businesses to attract customers
Market competition helps keep prices low for consumers.
Globalisation
The process of businesses expanding across countries
Globalisation has allowed companies to reach a wider audience.
Corporate social responsibility (CSR)
When companies care about social/environmental issues
CSR helps companies build a positive public image.
E-commerce
Buying and selling products online
The rise of e-commerce has changed shopping habits globally.
Supply and demand
The relationship between the availability of products and the desire for them
Prices usually rise when demand exceeds supply.
Wage gap
Difference in earnings between two groups (e.g. CEO vs workers)
Many people believe that the wage gap between executives and staff is unfair.
Self-employed
Working for yourself instead of for a company
Being self-employed offers more freedom but also more risk.
Multinational company
A large company that operates in several countries
Multinational companies often bring jobs but also dominate local markets.
Saving regularly can lead to long-term financial stability.
Tax evasion
Illegally avoiding paying taxes
The company was fined for tax evasion by the authorities.
Business and Money IELTS Essay Sample Questions
Here are some common questions frequently asked in the IELTS Writing Task 2 essay section:
Some people believe that the primary purpose of business is to make money. Others think that businesses should also focus on social responsibilities. Discuss both views and give your opinion.
In many countries, people are choosing to start their own businesses instead of working for a company. Why is this the case? Do you think it is a positive or negative development?
Large companies often sponsor sports and entertainment events. Do you think this has more advantages or disadvantages for society?
Some people think that the salaries of CEOs and top executives are too high compared to other workers. Do you agree or disagree?
Small businesses are struggling to survive due to the dominance of large supermarkets and online retailers. What problems does this cause, and what solutions can be implemented?
Many companies use advertising to increase sales. What are the effects of this on consumers and the economy?
In modern society, money is often considered a measure of success. To what extent do you agree or disagree?
Some people think that banks should not charge fees for basic services. Do you agree or disagree?
Businesses should do more to protect the environment even if it reduces their profits. Do you agree or disagree?
More and more people are becoming self-employed. What are the advantages and disadvantages of being self-employed?
Governments should support local businesses and protect them from international competition. To what extent do you agree or disagree?
Some people believe that success in business depends mostly on good communication skills. To what extent do you agree or disagree?
Companies should be required to provide free healthcare and education to their employees. Do you agree or disagree?
Some people think that the growth of multinational companies is a positive development for the world. Do you agree or disagree?
The rise of online shopping has had a negative impact on small local businesses. What are the problems caused by this trend, and how can they be solved?
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Conclusion
Business and money are among the most common topics in IELTS Writing Task 2. This IELTS essay should cover issues like high salaries, online business meetings, the impact of large companies on local communities, and the importance of money management.
To get a better IELTS band score in the writing task, you should practice with a variety of essay questions, understand how to structure your arguments clearly, and present balanced viewpoints supported by relevant examples.
If you want to improve your essay writing skills or need expert advice for tackling business and money topics in IELTS, connect with upGrad experts for better guidance. The free 1:1 counselling session with upGrad helps you to achieve your desired IELTS band score.
What are some common Business and Money essay topics in IELTS?
You'll often see topics about business profits, corporate responsibility, CEO salaries, or people becoming self-employed. These essays usually ask for opinions or ask you to discuss both sides of a topic.
How can I improve my vocabulary for business-related essays?
Focus on learning simple but strong terms like revenue, profit margin, start-up, or corporate responsibility. Use them naturally in your sentences and avoid cramming too many complex words.
Can I use personal examples in IELTS Writing Task 2?
Yes, as long as they sound realistic and support your point well. For example, mentioning a local start-up or a common business trend in your country works better than made-up data.
What’s the best way to structure a Business and Money essay?
Stick to a clear 4- or 5-paragraph structure: an intro, two body paragraphs (or three), and a conclusion. Each body paragraph should focus on one main idea.
How do I give my opinion clearly in the essay?
You can either state your opinion in the introduction or save it for the final body paragraph. Just make sure it’s easy to spot and stays consistent throughout the essay.
Is it okay to disagree with the statement in the question?
Absolutely. IELTS doesn’t check what your opinion is—it checks how well you present and support it. Just be logical and stay respectful in tone.
What kind of examples work best in business-related essays?
Real-life inspired examples work best. Think of things like how Amazon changed shopping habits or how small businesses struggled during the pandemic.
Do I need to know real company names or data?
Not at all. You can use general phrases like "many global companies" or "some local businesses." It’s better to stay generic than get the facts wrong.
How formal should my language be in these essays?
Your tone should be slightly formal and academic. Avoid slang or very casual expressions, but don’t overuse complicated words just to sound smart.
Can I use “I believe” or “In my opinion” in my answer?
Yes, these are completely acceptable in IELTS Writing Task 2. Just make sure you don’t repeat them too often. Mix it up with phrases like "It seems to me that..." or "Personally, I feel..."
What are some common mistakes students make in Business & Money essays?
Some overuse jargon, while others go off-topic. Another common mistake is forgetting to explain or expand on their main points.
Should I memorise sample essays?
Reading sample essays is great, but avoid copying them word for word. Instead, learn how they structure arguments and build vocabulary from them.
How long should my essay be?
The minimum is 250 words, but aiming for around 270–290 is ideal. Just make sure you don’t lose clarity trying to write more.
Do examiners check for balanced views in “Discuss both views” type essays?
Yes. You should give equal attention to both sides before sharing your own view. This shows you're fair and can understand multiple perspectives.
What’s the one tip you’d give to improve in Business and Money essays?
Always plan before you write. Jot down your main points, examples, and opinion quickly. It saves time and helps your essay stay clear and focused.
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