a cashless society is realistic or not. what are the advantages and disadvantages?
Credit cards have become a virtually inevitable item in almost every wallet in this century since it came to life. Some people are already so much used to of a cash-free life; others are taking advantages of credits that a credit card provides to them without worrying about the debt they will have to pay later. I am inclined to believe that a society entirely reliant on electronic transactions is not realistic and the following paragraphs will further elaborate on both pros and cons of a cashless society in detail and discuss whether it can be realised.
On one hand, credit cards provide a myriad of benefits. Undoubtedly, the most conspicuous one is that the convenience of credit cards in many aspects. For example, the data yielded by the University of Oxford proves that electronic transactions significantly reduce the time spent on shopping through online shopping or online bill payment, be it water or electricity. Additionally, people have to carry neither a bunch of coins in their pockets nor bulky wallets. On the other hand, despite being very convenient the credit card comes with a cost. As people cannot feel and see the actual money is spent when they purchase something with their credit or debit cards, it is harder to manage the money; consequently, people spend money unconsciously, particularly those who do not have much. For instance, a study conducted by the University of Texas in 2016 found that 1% of the suicide incidents were because of credit card debts.
In conclusion, the foregoing discussion propounds the view that the merits associated with cashless payments outweigh its downsides. However, an entirely cash-free society is absolutely impossible considering those who are under the poverty line as well as unbanked, which will be the same in the foreseeable future as well.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2020-01-19 | mikeboss268 | 80 | view |
| 2020-01-15 | Sinabri | 77 | view |
| 2019-12-28 | richierich25 | 77 | view |
| 2019-12-05 | yasamin.gharib62 | 85 | view |
| 2019-11-26 | manpreet9999 | 84 | view |
Grammar and spelling errors:
Line 5, column 326, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...same in the foreseeable future as well.
^^^^^
Transition Words or Phrases used:
consequently, however, if, so, well, for example, for instance, in conclusion, as well as, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 10.5418719212 123% => OK
Auxiliary verbs: 5.0 6.10837438424 82% => OK
Conjunction : 8.0 8.36945812808 96% => OK
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 20.0 20.9802955665 95% => OK
Preposition: 42.0 31.9359605911 132% => OK
Nominalization: 3.0 5.75862068966 52% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1527.0 1207.87684729 126% => OK
No of words: 300.0 242.827586207 124% => OK
Chars per words: 5.09 5.00649968141 102% => OK
Fourth root words length: 4.16179145029 3.92707691288 106% => OK
Word Length SD: 2.82726998278 2.71678728327 104% => OK
Unique words: 183.0 139.433497537 131% => OK
Unique words percentage: 0.61 0.580463131201 105% => OK
syllable_count: 486.9 379.143842365 128% => OK
avg_syllables_per_word: 1.6 1.57093596059 102% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 4.6157635468 43% => OK
Article: 5.0 1.56157635468 320% => Less articles wanted as sentence beginning.
Subordination: 1.0 1.71428571429 58% => OK
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 4.0 3.65517241379 109% => OK
Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 25.0 20.5024630542 122% => The Avg. Sentence Length is relatively long.
Sentence length SD: 62.7620617004 50.4703680194 124% => OK
Chars per sentence: 127.25 104.977214359 121% => OK
Words per sentence: 25.0 20.9669160288 119% => OK
Discourse Markers: 9.0 7.25397266985 124% => OK
Paragraphs: 3.0 4.12807881773 73% => More paragraphs wanted.
Language errors: 1.0 5.33497536946 19% => 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: 0.0792813775406 0.242375264174 33% => The similarity between the topic and the content is low.
Sentence topic coherence: 0.0258225867569 0.0925447433944 28% => Sentence topic similarity is low.
Sentence topic coherence SD: 0.0492428469427 0.071462118173 69% => OK
Paragraph topic coherence: 0.065094251995 0.151781067708 43% => OK
Paragraph topic coherence SD: 0.0520524161897 0.0609392437508 85% => OK
Essay readability:
automated_readability_index: 15.0 12.6369458128 119% => OK
flesch_reading_ease: 46.1 53.1260098522 87% => OK
smog_index: 8.8 6.54236453202 135% => OK
flesch_kincaid_grade: 13.0 10.9458128079 119% => OK
coleman_liau_index: 12.54 11.5310837438 109% => OK
dale_chall_readability_score: 9.19 8.32886699507 110% => OK
difficult_words: 82.0 55.0591133005 149% => OK
linsear_write_formula: 14.0 9.94827586207 141% => OK
gunning_fog: 12.0 10.3980295567 115% => OK
text_standard: 13.0 10.5123152709 124% => OK
What are above readability scores?
---------------------
Minimum four paragraphs wanted.
Rates: 55.5555555556 out of 100
Scores by essay e-grader: 50.0 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.