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

Essay topics:

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

Recently, the phenomenon of credit cards and its corresponding impacts have sparked a heated debate. Although contested by many that the matter of smart cards is highly beneficial, such an issue is regarded thoroughly both constructive and positive by a substantial number of individuals. I am inclined that the modern transaction methods can be a plus, and I will analyze that throughout this essay.

From a social standpoint, cashless society can provide the society with some noticeable effects which rooted in the fact that the merits of e-cash trading network, as well as internet-based baking, are inextricably bound up. According to my own experience, when I was a university student, I performed an academic experiment which discovered outstanding advantages of cashless society. Thus, the beneficial ramifications of both online money’s transfer and safety payment ways apparently can be seen.

Within the realm of science, the disadvantages of cashless society might increase the consequence of lack of paper money. Moreover, fundamental aspects of online payments would relate to this reality that the demerits of banking operations pertain to cash handling costs. As an example, some scientific research undertaken by a prestigious university has asserted that the downside of traditional payment methods is correlated negatively with network shopping process. Hence, it is correct to presume the preconceived notion of credit card’s conservation costs.

To conclude, while there are compelling arguments on both sides, I profoundly believe that the benefits of credit-based financial system far weigh its drawbacks. Not only do the advantages of cashless trading prove the significance of online banking improvement, but also pinpoint long-term implications.

Votes
Average: 8 (1 vote)
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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 : 9.0 10.5418719212 85% => 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: 33.0 31.9359605911 103% => OK
Nominalization: 10.0 5.75862068966 174% => OK

Performance on vocabulary words:
No of characters: 1530.0 1207.87684729 127% => OK
No of words: 265.0 242.827586207 109% => OK
Chars per words: 5.77358490566 5.00649968141 115% => OK
Fourth root words length: 4.03470204552 3.92707691288 103% => OK
Word Length SD: 3.23320261438 2.71678728327 119% => OK
Unique words: 176.0 139.433497537 126% => OK
Unique words percentage: 0.664150943396 0.580463131201 114% => OK
syllable_count: 471.6 379.143842365 124% => 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: 3.0 1.56157635468 192% => OK
Subordination: 5.0 1.71428571429 292% => Less adverbial clause wanted.
Conjunction: 2.0 0.931034482759 215% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 3.65517241379 109% => OK

Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 22.0 20.5024630542 107% => OK
Sentence length SD: 38.5013527901 50.4703680194 76% => OK
Chars per sentence: 127.5 104.977214359 121% => OK
Words per sentence: 22.0833333333 20.9669160288 105% => 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 : 8.0 6.9802955665 115% => 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: 0.119171751095 0.242375264174 49% => OK
Sentence topic coherence: 0.0387341482756 0.0925447433944 42% => OK
Sentence topic coherence SD: 0.0408262304488 0.071462118173 57% => OK
Paragraph topic coherence: 0.0628786903948 0.151781067708 41% => OK
Paragraph topic coherence SD: 0.0123604911456 0.0609392437508 20% => 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: 16.8 12.6369458128 133% => OK
flesch_reading_ease: 32.22 53.1260098522 61% => OK
smog_index: 11.2 6.54236453202 171% => OK
flesch_kincaid_grade: 14.2 10.9458128079 130% => OK
coleman_liau_index: 16.19 11.5310837438 140% => OK
dale_chall_readability_score: 10.98 8.32886699507 132% => OK
difficult_words: 105.0 55.0591133005 191% => OK
linsear_write_formula: 14.5 9.94827586207 146% => OK
gunning_fog: 10.8 10.3980295567 104% => OK
text_standard: 11.0 10.5123152709 105% => OK
What are above readability scores?

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Rates: 80.0 out of 100
Scores by essay e-grader: 72.0 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.