Are we going to have a “cashless society”? I believe that our society will become “cashless” one day. Cashless is closer than you think. Only seven percent of all transactions in the United States are done with cash‚ and most of those transactions involve very little money. In some places around the world like Sweden‚ only use three percent of cash to pay for transactions. We may be close behind them. I think this because most people are shopping online more‚ and to do so you must need a credit
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CONCEPT OF CASHLESS SOCIETY Today this world is heading towards industrialization‚ privatization and globalization and the only thing which plays an important role is strong capital. Globally the most dominant currency is GREEN BAG ($dollar) & everyone is headstrong to grab this. Now a days money is everything name‚ fame‚ power‚ desire‚ health and wealth. Let us halt here for a second and use our divine senses. Is that money really important for us to become a good soul???? With
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Cashless Society Pros and Cons Pros: 1. reducing crime rate 2. robberies’ prime targets - less chance of robbery 3. illicit activities use cash for drug dealing or prostitution 4. card is much more convenient and easier to use 5. no need to pay cash in person 6. online shopping requires cards 7. phone/online banking saves more time that allows you to transfer money or pay bill in time and instantly 8. easy to carry with low risk of money explosion 9. easy to keep track of your money
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allows countries to benefit from free trade. However‚ there are many policies that a country can adopt to increase protection of trade such as tariffs and quotas in order to protect the domestic producers. Since WWII‚ many international organizations and trading agreements have been established to try and breakdown the trading barriers between countries and reduce the amount of protection to increase trade in the global economy. There are many methods that a government can provide to protect domestic
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Faridabad Shivans gupta PGPFM nifm- Faridabad Effect of Monetary Policy of RBI on Economy Effect of Monetary Policy of RBI on Economy 2012 2012 Effect of Change in monetary policy of RBI on Economy Economy An economy consists of the economic systems of a country or other area; the labour‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A given economy is the result of a process that involves its technological
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How government policies are developed Polices start as an idea on how to change or manage a situation. The ideas can come from many different places‚ such as the media‚ the public‚ the public services‚ and politician or from subject experts. For a policy to reach the first stage it must go through mini meetings before reaching the green paper stage. Polices that are being created must discussions in the form of cabinet meetings and parliamentary committees. If the policy is still in consideration
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product) that having a stable economy. Here are some common aims of government which everyone country has to take care of : Keep inflation under control Inflation creates uncertainty and results in the fall in the value of money in terms of goods and services. Inflation also creates uncertainty. Therefore‚ the governments use macroeconomic policy instruments to keep inflation under control. Maintain a high level of employment High unemployment is bad for the economy. Unemployment means resources
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Essay Title: Effect of Global Economy on Water Quality and Availability in the Developing Countries ESSAY STRUCTURE PLANNING INTRODUCTION Background: Importance of water‚ overexploitation – reason for degradation. Thesis: Increasing industrial activities‚ owing to expanding global economy‚ are responsible for water resource degradation. Outline: Effect of water resource degradation on human life‚ exploring possible solutions PARAGRAPH 1 TS: Climate change is one of the prime causes of
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using electronic payment systems for many years now. However‚ the retail sector still has predominance of cash transactions‚ and payment through cards is yet to pick up. Cards (both credit and debit) are one of the most secure and convenient modes of cashless payment in retail market. The card payments data shows that even though we have 19 million credit cards‚ 190 million debit cards and half a million point-of-sale terminals‚ on an average there is just one transaction annually for every debit card
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Assess the impact of globalisation on a developed economy and a developing economy. Word count: 2064 words Introduction During the past 20 years‚ the world economy has become increasingly connected and integrated‚ We could find that our times has already entered globalisation era‚ as the degree of the globalisation is strengthened‚ the countries all over the world‚ while sharing their benefits‚ will unavoidably take risks altogether‚ which has been one of the most hotly-debated topics
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