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Cashless Debit Card System Assignment
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Cashless Debit Card System Assignment

ECON111 - Microeconomic Principles

4 Pages Macquarie University Essay / Project Year Uploaded: 2019

The economic justifications for the cashless debit card system entails assistance with income management to avoid the continued exploitation of the welfare system. It works to ensure that distributed funds are being utilised appropriately for general welfare and maintenance in order to support their intended purpose. This approach also guarantees equity and sustainability as it promotes a greater sense of self reliance and generates greater opportunities for manageable expenditure amongst all recipients. The cashless debit card system provides choices and support for individuals with a tailored approach that focuses on prevention and early intervention through a disciplined approach focused on budgeting. It thus prompts recipients to support themselves in a sustainable way alongside seeking work, education, and training opportunities in order to contribute to society in a positive social and economical way. Received a HD.

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