In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Recently, the phenomenon of a cashless society and its corresponding impact has sparked a heated debate. Although contested by many that the matter of cashless issues is highly beneficial, such issue is regarded thoroughly both constructive and positive by a substantial number of individuals. I am inclined to believe that a bank card can be plus and I will analyze that throughout this essay.

From a social standpoint, credit card transactions can provide the society with some noticeable effects which are rooted in the fact that merits of a banknote, as well as financial transactions, are inextricably bound up. According to my own experience, when I was a university student, I performed an academic experiment which discovered financial organization. Thus, beneficial ramifications of both social development and cashless strategies apparently can be seen.

Within the realm of science, using debit cards might increase the consequences of cashless systems. Moreover, the fundamental aspects of a bank loan could relate to this reality that the demerits of banking system pertain to a credit card. As a tangible example, some scientific research undertaken by a prestigious university has asserted that the downside of financial companies is negatively correlated with banking development. Hence, it is correct to presume the preconceived notion of banking studies.

To conclude, while there are several compelling arguments on both sides, I profoundly believe that the benefits of a cashless management far outweigh its drawbacks. Not only do the advantages of a debit card prove the significance of cashless transactions, but also pinpoint card management implications.

Votes
Average: 8.5 (1 vote)
Essay Categories

Transition Words or Phrases used:
also, apparently, but, hence, if, moreover, so, thus, well, while, as well as

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 10.0 10.5418719212 95% => OK
Auxiliary verbs: 6.0 6.10837438424 98% => OK
Conjunction : 5.0 8.36945812808 60% => More conjunction wanted.
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 18.0 20.9802955665 86% => OK
Preposition: 31.0 31.9359605911 97% => OK
Nominalization: 9.0 5.75862068966 156% => OK

Performance on vocabulary words:
No of characters: 1433.0 1207.87684729 119% => OK
No of words: 256.0 242.827586207 105% => OK
Chars per words: 5.59765625 5.00649968141 112% => OK
Fourth root words length: 4.0 3.92707691288 102% => OK
Word Length SD: 3.29970396621 2.71678728327 121% => OK
Unique words: 160.0 139.433497537 115% => OK
Unique words percentage: 0.625 0.580463131201 108% => OK
syllable_count: 449.1 379.143842365 118% => OK
avg_syllables_per_word: 1.8 1.57093596059 115% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 4.6157635468 87% => OK
Article: 2.0 1.56157635468 128% => OK
Subordination: 5.0 1.71428571429 292% => Less adverbial clause wanted.
Conjunction: 1.0 0.931034482759 107% => OK
Preposition: 4.0 3.65517241379 109% => OK

Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 21.0 20.5024630542 102% => OK
Sentence length SD: 42.8682574873 50.4703680194 85% => OK
Chars per sentence: 119.416666667 104.977214359 114% => OK
Words per sentence: 21.3333333333 20.9669160288 102% => OK
Discourse Markers: 6.41666666667 7.25397266985 88% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 0.0 5.33497536946 0% => OK
Sentences with positive sentiment : 7.0 6.9802955665 100% => OK
Sentences with negative sentiment : 1.0 2.75862068966 36% => More negative sentences wanted.
Sentences with neutral sentiment: 4.0 2.91625615764 137% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.13134662445 0.242375264174 54% => OK
Sentence topic coherence: 0.0451430137896 0.0925447433944 49% => OK
Sentence topic coherence SD: 0.0346747356979 0.071462118173 49% => Sentences are similar to each other.
Paragraph topic coherence: 0.0740641726711 0.151781067708 49% => OK
Paragraph topic coherence SD: 0.0209154717437 0.0609392437508 34% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.

Essay readability:
automated_readability_index: 15.6 12.6369458128 123% => OK
flesch_reading_ease: 33.24 53.1260098522 63% => OK
smog_index: 11.2 6.54236453202 171% => OK
flesch_kincaid_grade: 13.8 10.9458128079 126% => OK
coleman_liau_index: 15.2 11.5310837438 132% => OK
dale_chall_readability_score: 10.54 8.32886699507 127% => OK
difficult_words: 95.0 55.0591133005 173% => OK
linsear_write_formula: 14.0 9.94827586207 141% => OK
gunning_fog: 10.4 10.3980295567 100% => OK
text_standard: 14.0 10.5123152709 133% => 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.