write an essay on Pros and Cons of Demonetization.
write an essay on Pros and Cons of Demonetization. dp6oP
Demonetization:
Demonitization involves changing currency status by replacing a note or coin. This reduces Circulation of money on the hand to hand
Pros of demonitization:
Reduce Inflation, Long term GDP, Increase in digital transcations, Reduce spending habits, cheaper home loan, rise in ebanking and ecommerce, Tax compilance, Improve Indian economy, Reduce corruption, Increased market share
Cons:
Disruption in trade, Effects of media and advertising industry, loss of consumption, difficult transaction, Impact on agriculture sector, Expensive, cybercrime, Affects back savings, Lack of freedom, Lack of knowledge
Demonetization:
Demonitization
involves changing currency status by replacing a note or coin. This
reduces
Circulation of money on the hand to
hand
Pros of
demonitization
:
Reduce
Inflation, Long term GDP, Increase in digital
transcations
,
Reduce
spending habits, cheaper home loan, rise in
ebanking
and
ecommerce
, Tax
compilance
,
Improve
Indian economy,
Reduce
corruption, Increased market share
Cons:
Disruption in trade, Effects of media and advertising industry, loss of consumption, difficult transaction, Impact on agriculture sector, Expensive, cybercrime, Affects back savings, Lack of freedom, Lack of knowledge