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

Essay topics:

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

Submitted by ShayanP on Wed, 04/25/2018 - 04:50

Using more credit cards instead of cash in a cashless society has sparked a public controversy, which leads to a moot question “is cashless society beneficial or detrimental?”. While there are several drawbacks to the discussion, I believe that the benefits of cashless societies will continue to outweigh its downsides. This essay will further elaborate on positive and negative aspects of the topic and thus will reach a logical conclusion.

Many commentators are of the view that using credit cards has several disadvantages. From their point of view, international trades is strongly related to using cash, which means it would lead to both export and import of goods by paying the cost of the products. For example, a group of economic scientists, working at a highly prestigious university, conducted a qualitative study to understand the relationship between banknotes and plastic cards. Therefore, this evidence presented thus far support the contention that cross-border businesses are positively correlated with not only a primary currency but also digital banking.

However, I believe that encouraging people to use credit cards has several advantages. Firstly, the significant advantage is that domestic companies are undoubtedly attributable to national transactions, in that it would lead to wholesale trades. Secondly, a well-known example of such attributions is globalization which is cause for concern since it had been mistaken in using the cash for granted. Finally, debit cards and credit cards could play a vital role in the transaction, such as Master Cards, Visa Cards, and American Express.

To conclude, having a cashless community by using credit cards can be mutually beneficial under different circumstances. However, I believe that credit cards will prove to be not only crucial but also worthwhile to the society.

Votes
Average: 8.5 (1 vote)
This essay topic by users
Post date Users Rates Link to Content
2020-01-29 MehdiKhodadadi 88 view
2020-01-23 yasamin.gharib62 88 view
2020-01-16 jsrc 77 view
2020-01-13 Alireza.r.68 88 view
2020-01-13 Alireza.r.68 11 view
>>> More users practiced this topic >>>
Essay Categories
PTE_Academic

Comments

Transition Words or Phrases used:
also, but, finally, first, firstly, however, if, second, secondly, so, therefore, thus, well, while, for example, such as

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

Performance on Part of Speech:
To be verbs : 12.0 10.5418719212 114% => OK
Auxiliary verbs: 8.0 6.10837438424 131% => OK
Conjunction : 9.0 8.36945812808 108% => OK
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 17.0 20.9802955665 81% => OK
Preposition: 34.0 31.9359605911 106% => OK
Nominalization: 5.0 5.75862068966 87% => OK

Performance on vocabulary words:
No of characters: 1581.0 1207.87684729 131% => OK
No of words: 285.0 242.827586207 117% => OK
Chars per words: 5.54736842105 5.00649968141 111% => OK
Fourth root words length: 4.10876417139 3.92707691288 105% => OK
Word Length SD: 3.14851628817 2.71678728327 116% => OK
Unique words: 174.0 139.433497537 125% => OK
Unique words percentage: 0.610526315789 0.580463131201 105% => OK
syllable_count: 490.5 379.143842365 129% => OK
avg_syllables_per_word: 1.7 1.57093596059 108% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 4.6157635468 108% => OK
Article: 3.0 1.56157635468 192% => OK
Subordination: 1.0 1.71428571429 58% => OK
Conjunction: 1.0 0.931034482759 107% => OK
Preposition: 3.0 3.65517241379 82% => OK

Performance on sentences:
How many sentences: 13.0 12.6551724138 103% => OK
Sentence length: 21.0 20.5024630542 102% => OK
Sentence length SD: 34.8239868363 50.4703680194 69% => OK
Chars per sentence: 121.615384615 104.977214359 116% => OK
Words per sentence: 21.9230769231 20.9669160288 105% => OK
Discourse Markers: 9.30769230769 7.25397266985 128% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 0.0 5.33497536946 0% => OK
Sentences with positive sentiment : 9.0 6.9802955665 129% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
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: 0.246752504507 0.242375264174 102% => OK
Sentence topic coherence: 0.0798503340553 0.0925447433944 86% => OK
Sentence topic coherence SD: 0.0507509396244 0.071462118173 71% => OK
Paragraph topic coherence: 0.137573284539 0.151781067708 91% => OK
Paragraph topic coherence SD: 0.0240480682902 0.0609392437508 39% => 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: 15.7 12.6369458128 124% => OK
flesch_reading_ease: 41.7 53.1260098522 78% => OK
smog_index: 11.2 6.54236453202 171% => OK
flesch_kincaid_grade: 12.7 10.9458128079 116% => OK
coleman_liau_index: 14.91 11.5310837438 129% => OK
dale_chall_readability_score: 10.11 8.32886699507 121% => OK
difficult_words: 98.0 55.0591133005 178% => OK
linsear_write_formula: 11.5 9.94827586207 116% => OK
gunning_fog: 10.4 10.3980295567 100% => OK
text_standard: 11.0 10.5123152709 105% => OK
What are above readability scores?

---------------------

Rates: 85.0 out of 100
Scores by essay e-grader: 76.5 Out of 90
---------------------
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.