Question

conclusion of merits and demerits plastic money

Answer 1

The conclusion highlights the common problems that market makers in all of the countries faced, but it also emphasizes the differential successes and sometimes different paths and sequences of events that accompanied the development of card markets in the eight countries. It also notes that in several of the countries, most unambiguously in China, the central purpose of the card market shifted from providing a tool of convenience to customers to offering an instrument of economic control for the state.
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Answer 2

Plastic money refers to credit cards, we use them whenever we want and pay later (with interest, of course). It makes it too easy for us to buy things we normally could not afford, which makes it easier to get into debt.

Merits:-

No need to carry a large amount of cash which would be unsafe.

Theft is not quite such a huge problem as cards can be reported missing quite quickly and therefore can't be used.

Cards can be used in millions of places worldwide.

Cards can be used on the internet for online shopping.

Credit cards offer a way to buy now and pay later although interest is high unless you pay as soon as the bill is received.

Diemerits:-

There are places that cards can't be used such as small retailers, paying the milkman, etc.

In some cases, service charges can apply when using cards

It's sometimes 'too easy' to use a card, handing over cash is more 'painful' in a way. If I hand over my debit card it's the same whether the purchase is $5 or $5000, whereas handing over huge amounts of cash would make me think twice before buying.

It is easy to get into debt with credit cards