In a cashless society, people use more credit cards. What are the advantages and disadvantages of this practice?
Regarding the significant bearing of the cashless monetary trade on economy, the beneficial and detrimental effects associated with spending in the form of debit or credit cards is under lively debate. The following paragraphs will, succinctly, outline its benefits and drawbacks.
Looked at the disturbing aspects, using bank cards such a way may ultimately gives rise to either inconsiderate or future-jeopardizing spending patterns. This alarming trend seems to be due in part to the fact that spenders would not only act economically but also squander coins or notes unwisely. By way of illustration, according to a recent study conducted by UCLA, the faculty of business, people tend to lose profit in large measure. In addition, hardly ever are bankers or their clients acutely aware of the undesirable consequences of virtual trading and online purchasing. Thus, it will have engendered the loss of wallets with bills, which are of no use.
From the perspective of the modern economists, incomes earned can, nevertheless, be remitted via online banking systems rapidly. As there appears an accelerating tendency towards online shopping, transfer exchange rates, and transactions. For a well-known example, it is the accessible and precise manners of many a bargain, such as ATM or POS systems, which can incentivized society to resort to this model. Furthermore, not carrying any money on themselves, the majority commonly fritter away the riches acquired. Hence, small change which local vendors prefer may not replace money on no account.
In conclusion, despite merits of expenses covered primarily by tools except for credit cards, cold and hard cash has proven to substitute for traditional means of business transactions. Should official authorities introduce this paradigm shift, people will benefit considerably in personal and financial affairs.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-09-06 | English time | 77 | view |
| 2019-07-24 | komalpreetsingh | 85 | view |
| 2018-12-08 | armanarman | 85 | view |
| 2018-11-30 | Arashrostamipteacademicmaterials | 85 | view |
| 2018-11-30 | Arashrostamipteacademicmaterials | 11 | view |
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- In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon? 77
- In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon? 77
Grammar and spelling errors:
Line 10, column 257, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...troduce this paradigm shift, people will benefit considerably in personal and fin...
^^
Transition Words or Phrases used:
also, but, furthermore, hence, if, look, may, nevertheless, regarding, so, thus, well, except for, in addition, in conclusion, such as
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 6.0 10.5418719212 57% => More to be verbs wanted.
Auxiliary verbs: 9.0 6.10837438424 147% => OK
Conjunction : 13.0 8.36945812808 155% => OK
Relative clauses : 4.0 5.94088669951 67% => More relative clauses wanted.
Pronoun: 9.0 20.9802955665 43% => OK
Preposition: 40.0 31.9359605911 125% => OK
Nominalization: 2.0 5.75862068966 35% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1596.0 1207.87684729 132% => OK
No of words: 285.0 242.827586207 117% => OK
Chars per words: 5.6 5.00649968141 112% => OK
Fourth root words length: 4.10876417139 3.92707691288 105% => OK
Word Length SD: 3.07057441017 2.71678728327 113% => OK
Unique words: 204.0 139.433497537 146% => OK
Unique words percentage: 0.715789473684 0.580463131201 123% => OK
syllable_count: 496.8 379.143842365 131% => OK
avg_syllables_per_word: 1.7 1.57093596059 108% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 4.6157635468 65% => OK
Article: 4.0 1.56157635468 256% => Less articles wanted as sentence beginning.
Subordination: 1.0 1.71428571429 58% => OK
Conjunction: 1.0 0.931034482759 107% => OK
Preposition: 7.0 3.65517241379 192% => OK
Performance on sentences:
How many sentences: 14.0 12.6551724138 111% => OK
Sentence length: 20.0 20.5024630542 98% => OK
Sentence length SD: 36.5784033528 50.4703680194 72% => OK
Chars per sentence: 114.0 104.977214359 109% => OK
Words per sentence: 20.3571428571 20.9669160288 97% => OK
Discourse Markers: 9.57142857143 7.25397266985 132% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 1.0 5.33497536946 19% => OK
Sentences with positive sentiment : 6.0 6.9802955665 86% => OK
Sentences with negative sentiment : 6.0 2.75862068966 217% => Less negative sentences wanted.
Sentences with neutral sentiment: 2.0 2.91625615764 69% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.11408292213 0.242375264174 47% => OK
Sentence topic coherence: 0.0292116917706 0.0925447433944 32% => Sentence topic similarity is low.
Sentence topic coherence SD: 0.0287916707291 0.071462118173 40% => Sentences are similar to each other.
Paragraph topic coherence: 0.0636276547082 0.151781067708 42% => OK
Paragraph topic coherence SD: 0.0324693548061 0.0609392437508 53% => OK
Essay readability:
automated_readability_index: 15.1 12.6369458128 119% => OK
flesch_reading_ease: 42.72 53.1260098522 80% => OK
smog_index: 8.8 6.54236453202 135% => OK
flesch_kincaid_grade: 12.3 10.9458128079 112% => OK
coleman_liau_index: 15.2 11.5310837438 132% => OK
dale_chall_readability_score: 10.89 8.32886699507 131% => OK
difficult_words: 113.0 55.0591133005 205% => Less difficult words wanted.
linsear_write_formula: 12.5 9.94827586207 126% => OK
gunning_fog: 10.0 10.3980295567 96% => OK
text_standard: 13.0 10.5123152709 124% => OK
What are above readability scores?
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Rates: 85.0 out of 100
Scores by essay e-grader: 76.5 Out of 90
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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.