Economy Importance

                                                          Economy Importance 

What do you mean by this term?

-In my point of view the exchange of money in any mode and creating jobs is  known as Economy. It can be cashless , online mode or paper based economy.

Are they really important?

-Yes it is. When the basic  financial support is not there then the normal person livelihood deteriorate  day by day. 

In India Economy it is mainly cash based economy that means the cost of making the paper, coins currency is included. The main advantage of this type of economy is you can predict the fall and rise of the demand quickly but in this type of the economy there are more disadvantage than advantage. The main disadvantage is the growth of the demand and supply is very slow. So the developing country opt the cashless economy.

Why is that? 

-Because every  country wants there citizen to be employed and get a better life.

      

Cashless Economy

- There are many speculation regarding the cashless mode. First it is save or not? Can we guarantee that the money is going to a known person?

The answer of these question is YES. We can find out to whom I have send the money and which bank. After this information we can satisfy ourselves.

Cashless Economy Problems

-There are many  cases that we read out in the authentic reports from the central governments that a scammer called to a person and for false claims he or she ask money through there online mode or we can say cashless mode and he or she got the money. And the person giving the money got scammed

After this report came out I thought to myself what will be the solution for that problem.

And I got two solution for that--

1) The Government  can create special ministry for cyber attacks and for the scammers.

2) I only suggest to those people to use cashless mode who has full information to how to handle the cashless mode and its importance.

In the above two point we can control the scammers and its organization. And through this our economy will grow at maximum rate.

Thank you