Advantages and disadvantages of using plastic money pdf

Plastic debris poses a huge threat to our ecosystem, filling up our oceans and poisoning wildlife. The way one looks has become an important part of social life. Debit card advantages and disadvantages advantages. Your credit score is a measure of how creditworthy you are that is, how likely you are to pay money back on time when you borrow it. Mar 14, 2016 using a debit card has some advantages and disadvantages. Economically, it brings money and this is the main reason why it is promoted. Cardsplastic money is not a complete replacement for cash. Paper money has got several advantages and disadvantages. There are disadvantages also, which are now the concern of rbi.

By recycling plastic bags, consumers can benefit from the plastic being used in a more environmentally sustainable manner. Cheaper alternative bioplastics are cheaper than normal plastics especially with the soaring oil prices. The answers provided by cason kim appear to hit the most immediate benefits so i wont repeat them here. Weighing these advantages and disadvantages has become a subject of great political debate. It is hard to break down which means that the landfills and seas being affected by plastic will have to suffer for a long time. Plastic money or polymer money, made out of plastic, is a new and more natural way of paying for goods and services.

Income generated from tourism is then used in the private and public sector. This only proves that from its inception up to now plastic has managed to become popular building material of millions of useful items, but it is not perfect. What are the advantages and disadvantages of using. Plastic grocery bags are reused at least once and in many instances more than once. Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft.

Most retailers accept credit cards and they are pretty much required for online purchases. If youre not careful, this can quickly lead to unexpected debt. Paper money practically costs nothing to the government. Some disadvantages of using plastics are that they pollute the environment, pose a danger to wildlife, do not. A study on impact of demonetization on increased use of plastic. The advantages of money far exceed its disadvantages. Plastic disadvantages negative effects of plastic today, you can hardly look around you and not spot some item that is made entirely from plastic or has some plastic ingredient. Adobe acrobat reader is often preinstalled on your computer and it is totally free.

Advantages and disadvantages of plastic essay in points. Emoney, or electronic money, is money that you exchange electronically, as opposed to actual currency notes or coins. Plastic money gives us an easy and extended purchasing capacity which results in an extra and unwanted buying. Advantages and disadvantages of plastic full essay in points disadvantages of plastic. Plastic bumpers absorb shock, plastic dashboards and door panels are a little kinder on your head during a wreck, and plastic fuel tanks minimize explosion risks. Advantages of plastic are corrosion resistant and chemically inert. Credit card reliance and have cooked up many ways to help you. What are the advantages and disadvantages of plastic answers. It is hard to break down which means that the landfills and seas being affected by plastic will. Do not rot and so are difficult to dispose of some type catch fire easily cheap to produce and so are often thrown away once released into the environment they can harm wildlife. Various products of plastic are available for household and other purposes. But although its definition is simple, which is reusing old or waste products or turning them into something completely new, getting it. Advantages and disadvantages of pdf format logaster. Essays on hindi essay of advantage and disadvantage of plastic.

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. Lightweight plastics also economize on fuel consumption during the manufacturing process, and are therefore inexpensive compared to metal or paper. Pdf customers perceptions about plastic money towards. Plastic money was introduced in the 1950s and is now an essential form of immediate payment, which reduces the risk of handlings a huge amount of cash. Credit cards can make life easier, but they can also make overspending easier as well. Plastic means easy to bend or mould into different shapes. Many cards offer rewards programs that will accrue points, discounts, or other benefits like frequent flyer miles. Keywords plastic money, credit card, debit card, consumer perception. This is generally performed on the thin sheet of aluminum or thin sheet of glass or plastic. This article gives you a brief idea of the main advantages and disadvantages of plastic money.

Valuable raw material can be reclaimed and recycled into other products. It was in the 1950s the concept of plastic money came into being. Some governments of nordic countries, like swedish or danish, seem to be preparing the conditions for a world without cash. Its tough, resilient, and excellent at absorbing shock. 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 security and secrecy of the data on the one hand for the prevention of frauds and the possible run on e money are the major problems of banks and the rbi. It all started with a simple credit card that allowed you to make purchases today and pay later.

While we definitely recommend investing in one, its important to weigh. Easy access to money in the situation of instantaneous want for money, one can withdraw debit the demanded cash amount from the account and thus prevents any risk of getting marooned in travelling. Plastic recycling advantages and disadvantages science. What are the advantages and disadvantages of money. Generally, you conduct emoney or ecurrency transactions over the internet, or with smart cards that are linked to a bank account. Some disadvantages of using plastics are that they pollute the environment, pose a danger to wildlife, do not degrade quickly and pose difficulties during recycling. A study on the importance and popularity of plastic money. There are many advantages of plastic materials such as.

But at the same time there are few disadvantages which cannot be denied. What is required is the proper regulation of money supply through a wisely formulated monetary policy to ensure the efficient working of the economic system and to achieve the socioeconomic objectives of. The most of the customers use and prefer to have plastic money above cash money. The most important advantage of using debit card is its convenience to use. Disadvantages of plastic negative effects of plastic. Some of the drawbacks or risk related to cards are. Technology has changed the way we deal with money giving us more convenience and easy access to funds from anywhere. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Oct 25, 2018 the strength, durability and flexibility of plastic makes life easier, improves and even saves lives, and also money. Oil based plastics need fossil fuels and bioplastics dont. This started the first credit card specifically for widespread use, even.

You cannot pay your milkman, servant, paper wala newspaper. With a credit card, youre spending money you dont necessarily have yet. Using a debit card has some advantages and disadvantages. Paper money has many advantages, but it also many dangers that can hinder the very value of the denomination it is intended to represent. In recent years the use of plastic money has gained a lot of popularity. The use of plastic money raises many questions on technical security, control and audit systems. Plastic is flexible transportation and storing plastic is easy and safe plastic takes up less energy to recycle some advantages and disadvantages of buying plastic packaging are. Below is a list of comparable advantages to reusable grocery bags. Relevance of plastic money, study based on faridkot dist.

Advantagesanddisadvantagesofusingplastics plastics are manmade material that can be moulded into different colours and shapes. Plastic consumes very less energy for recycle compared to glass. Many studies comparing plastic versus paper for shopping bags show that plastic bags have less net environmental effect than paper bags, requiring less energy to produce, transport and recycle. Even critics of the mainstream financial system and governmentissued currencies favor doing away with cash. Rate it using the stars above and let us know what you think in the comments below. The disadvantages are just to make you aware of any risks, threats, etc so that you can use it carefully. Do not rot and so are difficult to dispose of some type catch fire easily cheap to produce and so are often thrown away once released into the environment they can harm wildlife their manufacture uses up non renewable resources oil and coal.

Ebooks usually share similar advantages and disadvantages. Advantages and disadvantages of plastic advantages of plastic. As like advantages the first disadvantages of plastic is the strong and durability is beneficial when it comes to protection but these same features turn evil when it comes to decomposition. There is a huge future for the use of plastic money in india. The seven advantages of plastic money called as the credit. More and more people are also using mobile phones to make such transactions.

Advantages plastic is very useful in the building and construction, electronics laptops wouldnt work well if they were made from glass, packaging gladwrap, transportation industries. A study on the importance and popularity of plastic money in. There are advantages and disadvantages to using plastic in your home. Advantages and disadvantages of cosmetic surgery a lot of women these days are opting for cosmetic procedures as a means of enhancing their appearance. Bioplastics are cheaper than normal plastics especially with the soaring oil prices. The disadvantages of using plastic products sciencing. Dec 16, 2017 most of us use plastic money today, but it is necessary that we clearly understand the merits and demerits of it. Credit cards enable users to make big ticket purchases they might not otherwise be able to afford rewards. Support pdf,doc,docx,txt,xls,wpd,htm,html fils up to 5mb. So let us check it out some advantages and disadvantages one by one. It also promotes cross culture of both the international and local authorities. Since plastics are lightweight and sturdy, they can be conveniently used to transport goods.

Using a credit card regularly, and paying the bill on time, is one of the easiest ways to build your credit history and develop a strong credit score. But although its definition is simple, which is re using old or waste products or turning them into something completely new, getting it done is anything but. Plastic money advantages and disadvantages due to the technological revolution in financial sector, the payments in banking system have undergone a tremendous change. The strength, durability and flexibility of plastic makes life easier, improves and even saves lives, and also money. Pros and cons of reusable grocery bags plastic edu. Several powerful forces are behind the move to a cashfree world, including governments and large financial services companies. 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. What are the advantages and disadvantages of using an employee referral campaign for recruitment purposes. The survey results revealed that usage and financial benefits, convenience.

The way one looks has become an important part of social life of people today. Plastic is strong and water and chemical resistant. It is usually made in factories by melting the grains and poured into moulds and are synthetic. Plastic money has provided us with the ease of conducting transactions in. Jun 29, 2018 advantages and disadvantages of plastic full essay in points disadvantages of plastic. Currency notes, therefore, are the cheapest media of exchange.

Its one of the main reasons cars are able to get safer and safer everyday. The advantages of using plastics are that they are lightweight, water resistant, durable, strong, economical and resistant to corrosion and chemicals. Unless you are a person who shops only in supermarkets and hypermarkets you will be forced to use cash. What are the advantages and disadvantages of credit cards. Then, let us learn what is the advantages and disadvantages of electronic books.

Advantages and disadvantages of using plastics plastics are manmade material that can be moulded into different colours and shapes. Dec 29, 2014 about some of the advantages and disadvantages of plastic in brief. Pdf can be opened on any device with any operating system in exactly the same form in which it was created. Most of us use plastic money today, but it is necessary that we clearly understand the merits and demerits of it. Plastic recycling advantages and disadvantages science online. While we definitely recommend investing in one, its important to weigh the pros and cons before making this lifestyle choice. Plastic money introduction plastic money is designed for cashless payments and getting cash from ones bank. What are the benefits of using plastic money cashless. Plastic recycling recovers the scrap or the waste plastic and reprocesses the material into useful products, the plastic is nonbiodegradable, it includes melting down soft drink bottles and casting them as the plastic chairs and the tables, plastics are recycled during the manufacturing process of plastic goods such as polyethylene film and the bags.

Some of the perks that come with paying on plastic include. Im not saying that cards are not useful because of these drawbacks. Disadvantages of plastic money free download as word doc. Plastic containers, such as water bottles, are durable but can also hold smells. A credit card is a plastic card same as a debit card with a magnetic strip issued by a. When we say plastic money, it includes debit cards, atm cards, credit cards, prepaid cards, smart cards and so on. The seven advantages of plastic money called as the credit card. Plastic containers are mainly used for food and storage and for home organization. Dec 10, 2017 plastic money or polymer money, made out of plastic, is a new and more natural way of paying for goods and services. What are the advantages and disadvantages of plastic money.

Disadvantages of plastic money debit card gift card scribd. The transaction involving the debit card is instantaneous as the money is directly deducted from your bank account. Yes, it is plastic money in the form of debit or credit card that you carry in your wallet which gives you an easy access to your money. Vehicles made of lightweight plastics are more fuelefficient. Firms consider plastics easier and cheaper to manufacture as compared to other materials such as metals and stones because theyre produced. The advantages and disadvantages of electronic money they are part of a debate that is currently taking place due to the appearance of multiple technological means to make or receive payments. Firms consider plastics easier and cheaper to manufacture as compared to other materials such as metals and stones. Study of merits and demerit of plastic money based on. There are many advantages to using reusable grocery bags, and theyre also much more environmentally friendly. A cashless society might sound like something out of science fiction, but were already on our way. The number of innovative products for making payment has developed after the prevarication and globalization. They can be easily moulded and have excellent finishing. Only then we will be able to use cards carefully and wisely. Dec 26, 2019 there are many advantages to using reusable grocery bags, and theyre also much more environmentally friendly.

Since plastic note lasts longer, the production cost is reduced and environmental impact is much lower as paper is saved. Yes, the advantages of plastic money over cash has made it a best friend of many. What are the advantages and disadvantages of using plastics. While theres only a small chance of having lost or stolen cash returned, a credit card can quickly be cancelled if you lose your wallet. Read this article to learn about advantages and disadvantages of money. They have low thermal expansion of coefficient and possess good thermal. Advantages and disadvantages of electronic money life persona. There are numerous advantages to using and reusing plastic grocery bags. The central bank through its monitoring and supervisory. It is durable, low cost, water resistant, lesser energy and heavy chemicals requirements in manufacture and are light weight. Depending on the task, plastic may or may not be the best option.