The growth of plastic money in the economy and its impact on the speed in economic activity
•Download as PPTX, PDF•
2 likes•2,308 views
Recommended
More Related Content
Viewers also liked
Viewers also liked (12)
Recently uploaded
Recently uploaded (20)
The growth of plastic money in the economy and its impact on the speed in economic activity
- 1. The growth of plastic money in the economy and its impact on the speed in economic activity Priyan ka
- 2. 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.
- 3. Types of plastic money Cash cards Debit cards Credit cards Prepaid cash cards
- 4. Cash cards • Allows you to withdraw money directly from your bank via ATM. • But it will not allow the holder to purchase anything directly with it. Credit cards • It permits the card holder to withdraw cash from an ATM and allows the user to purchase goods and services directly. • But, unlike a cash card the money is basically a high interest loan to the card holder. Debit cards • This type of card will directly debit money from your bank account and can be used to purchase goods and services. • If an overdraft facility is available then the limit will be to the extent of the overdraft. Prepaid cash cards • As the name suggest, the user will add credit to the card themselves and will not exceed that amount.
- 5. The state of a country or region in terms of the production and consumption of goods and services and the supply of money . Careful management of available resources.
- 9. Rising card payment drive economic growth The macroeconomic impact of card usage Impact of electronic payment on economy
- 10. Thank you
Editor's Notes
- A Market economy is an economy in which decisions regarding investment, production and distribution are based on supply and demand,[1]and prices of goods and services are determined in a free price system.[2] The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets A command-based economy is where a central political agent commands what is produced and how it is sold and distributed. Shortages are common problems with a command-based economy, as there is no mechanism to manage the information (prices) about the systems natural supply and demand dynamics. A mixed economy is an economic system in which both the private sector and state direct the economy, reflecting characteristics of bothmarket economies and planned economies.[1] Most mixed economies can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of public goods A traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the products the society creates. Countries that use this type of economic system are often rural and farm-based. Also known as a subsistence economy, a traditional economy is defined by bartering and trading. Little surplus is produced, and if any excess goods are made, they are typically given to a ruling authority or landowner. A pure traditional economy has no changes in how it is done(there are few of these today). Examples of traditional economies include those of the Inuit or those of the tea plantations in South India