Cannabis is widely considered a demerit good it contributes to lung cancer and can lead to psychological problems, such as. Plastic money is referring to the credit cards or the debit cards that we use to. They can come in many different forms such as cash cards credit cards debit cards prepaid cash cards instore cards 3. I just came across the concepts of merit and demerit goods for the first time, in the cambridge alevel economics syllabus. Merit and demerit goods involve making a value judgement that something is good or bad for you. Pdf the significance of plastic money to the hospitality. We know how markets work once they are built, but this book develops a unique framework for understanding how markets are engineered from the ground up. No matter who you are or what you earn, its easier than you think to take control of your money. The strength, durability and flexibility of plastic makes life easier, improves and even saves lives, and also money. The secret book of free money the secret book of free money introduction thank you for your purchase. It means being in a position to make the most of what youve got. Firms consider plastics easier and cheaper to manufacture as compared to other materials such as metals and stones. Merit goods are those goods and services that the government feels that people will underconsume, and which ought to be subsidised or provided free at the point of use so that consumption does not depend primarily on the ability to pay for the good or service. Throughout the ages physical money in the form of objects, coins and notes has increasingly been replaced by more abstract means of payment such as bills of exchange, cheques and credit cards.
Within one week, the peso fell to 500 to the dollar. There are many advantages of plastic money attached to it. Plastic money has provided us with the ease of conducting transactions in our. Peter, a young mba graduate joins a large software firm as a business development executive.
But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. Found a link between the diffusion of plastic money and reductions in the demand. Firms consider plastics easier and cheaper to manufacture as compared to other materials such as metals and stones because theyre produced. Chargit chargit was the first actual bank card and was issued in 1946. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. Merits and demerits of plastic money based on experiences of peoples free download as word doc. Secondary data is collected through reference books, research papers, articles, and websites. Market failure, merit and demerit goods your guide to economics. This figure has continued to grow reaching around 2 million in the united states in 2012 statistics differ on the exact number and still showing indications of ongoing growth. The disadvantages of using plastic products sciencing. The government may decide to intervene in the market for demerit goods and impose taxes on producers or consumers. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash.
Now coming to your concern how dependent should should be people in india. Its the one thing that will bring money to anyone who does it. Sep 25, 2014 market failure, merit and demerit goods september 25, 2014 may 3, 2018 tutorschoolgrinds introduction and economic systems, the need for government market failure occurs when something you consume has a cost to the rest of us. Study of merits and demerits of plastic money based on. The demonetization policy will help india to become corruptionfree. Where will be my accommodation during the study abroad program. If you have the balance you can go for shopping and can buy things with it without the cash in pocket. Plastic money definitely provides an alternative in some cases and compliments cash as a medium. Study of merits and demerits of plastic money based on experiences of people get the answers you need, now. Plastic money also keeps track of the transactions as they are incurred along.
Lenders like our credit card reliance and have cooked up many ways to help you get the most from your credit card. With a history of plastic money, you cannot ignore charge cards. However, plastic money has its share of issues that one must be careful about. Introduction meaningdefinition needs types evolution of money merits and demerits conclusion referance. Plastic money is much more convenient to carry around, as you do not have. Objectives of this study includes to examine the socioeconomic profile of the cardholders so as to ascertain the association of such factors with the use of debit cards and credit cards. The good news is cindy just got accepted as the vice president of a local company. Understanding money means understanding how much money you have and where it goes. The consumption of demerit goods can lead to negative externalities.
Its your opportunity to take the place of the bank middle man and increase your annual returns. It gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on study of merits and demerit of plastic money based on experiences of people. Desai vasant, financial markets and financial services, himalaya. Its the one thing some of the wealthiest people on the planet have done and are doing. Pdf analysis the use of plastic money in hyderabad city. Consumers may be unaware of the negative externalities that these goods create they have imperfect information about longterm damage to their own health. He identified that the use of plastic money is growing at an unprecedented rate in india.
Hi, a book is a store house of knowledge and experiences, it has several advantages. With a debit card fees us from carrying a lot of cash or a cheque book. This technology saves you the hassle of going down to your nearest branch, writing down. Ebooks usually share similar advantages and disadvantages. A study on the importance and popularity of plastic money. This article gives you a brief idea of the main advantages and disadvantages of. Demonetization essay pdf essay on demonetization pdf india 2000 words merits of demonetisation. Lesser number of installed points of sale pos terminals is the major obstacle in the growth of debt cards. Just like good friends it gives us company when we are idle, a good book even guides us in our lives. Similarly for travel he could book tickets online, while for food he had to rely on cash. Plastic money can come in many different forms such as atm cards, credit cards, debit cards, loyalty cards, prepaid cash cards, etc. Thus, anyone who had followed the advice of the expert economists had lost half of his capital.
Most of us use plastic money today, but it is necessary that we clearly understand the merits and demerits of it. The time is now to consider alternative forms of investing and making money. Thus plastic money cannot completely replace cash and. A study on the importance and popularity of plastic money in aluva.
In 2001, around 1 million children were receiving homeschooling. Demonetization essay pdf essay on demonetization pdf india. History of credit cards and debit cards in plastic money credit cards have evolved into a safe and secure. Demonetization, currency, plastic money, debit card. Market failure, merit and demerit goods your guide to. There are several advantages of plastic money as seen in the above. Gupta promod 2004 in his article the future of plastic money, discussed the use of plastic money and its growth in india in recent years. Advantages of plastic money plastic money is a must need of our busy life. What are the demerits and advantages of using plastic products. How did all start, in history you might have learnt batter system where goods were traded for goods, then came an era where gold and silver coins came into being, then we modernized we stared using paper notes and coins for trading of goods and services. Analysis the use of plastic money in hyderabad city, sindh province. Sep 15, 2017 hi, a book is a store house of knowledge and experiences, it has several advantages.
Yet, plastic comes with serious health risks, too, and its very durability means it doesnt break down or erode easily, instead piling up in landfills and oceans. The future of money the future of money the future of money moneys destiny is to become digital. Respondents taken for this study are those who are using the plastic money in their 2. Those indulging in taking bribe will refrain from corrupt practices as it will be hard for them to keep their unaccounted cash. Plus point of plastic money is that you wont have to carry your cash around all the time. The use of plastic products has increased significantly in the recent past, with many enterprises joining the industry and many more varieties of plastics being made. Companyissued charge cards can be found as far back as the early 1900s.
Further religious places like temple generally accept cash as offerings. A study on the importance and popularity of plastic money in. Whether you are starting or expanding a business, looking to start a community based project, or any number of ideas or. For instance purchasing utilities from a small retailer or for payments to milkman, newspaper boy, etc. Whether its a highend store, a restaurant, a cafe outlet or even a grocery shop, people just buy what they like not just what they want, proudly taking out their cards and allowing the shopkeeper to swipe away a fortune of their hardearned money. This handbook can help you to understand money better. A study on the importance and popularity of plastic money in aluva doi.
Dec 10, 2017 it gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on study of merits and demerit of plastic money based on experiences of people. Only then we will be able to use cards carefully and wisely. These cards mainly just kept customers loyal to the company. The seven advantages of plastic money called as the credit. The study sought to investigate the significance of plastic money to the hospitality sector with the rainbow towers group of hotels as a case study. There are several places where there is a need for cash only. Money one of the most important factor for living life. Plastic money is also known as polymer money which was first introduced in the 1950s has reduced the risk of carrying huge cash. The money as medium of exchange played an important role by having put to an end the demerits of barter system. Plastic money, unlike paper money, will not burn easily and can resist higher temperatures than paper money. Plastic money its technical and monetary importance educba. Market failure, merit and demerit goods september 25, 2014 may 3, 2018 tutorschoolgrinds introduction and economic systems, the need for government market failure occurs when something you consume has a cost to the rest of us.
Then, let us learn what is the advantages and disadvantages of electronic books. Paper money also picks up dirt and stains more easily than plastic money. Plastic money is the special term used for the hard cards in banks instead of normal paper money. Adavantgaes and disadvantages of plastic money india study. This study was conducted to know about the different types of plastic money and. Conclusion of merits and demerits of plastic money. This guide was put together to help those trying to help themselves through hard work and determination. They can have the advantages of on atms, that too sitting at their doorsteps. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001.
Charge cards laid the groundwork for debit and credit cards. An analytical study on use of plastic money in india. Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Merits and demerits of plastic money based on experiences of peoples. Yes, the advantages of plastic money over cash has made it a best friend. Both abhishek menon and prithvi chatterjee have written answer to your question quite correctly. A study on impact of demonetization on increased use of plastic. Its the one thing written about in various ancient cultures and still promoted today. Oct 25, 2018 the strength, durability and flexibility of plastic makes life easier, improves and even saves lives, and also money.
Study of merits and demerit of plastic money based on. Study of merits and demerits of plastic money based on experience of people points. What are the basic requirements for study abroad programs. Go with me to the town of ceelo where cindy just graduated from college, thanks to study. Merits and demerits of plastic money based on experiences of.
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