What is finance?
Finance term is used for that financial activities, and aids that are important for the support of lives of individuals, businesses, and government. Finance is the management of large amounts of money by the government or by any other large companies.so, finance is the raising of funds by the government or by any other company for any kind of expenditure. It is the process of making funds in different kinds, which may be in the form of credit, loans, and capital are mostly invested in those who are more aware of that how to put these funds to more productive use. It is the management of money and activities which includes investing, borrowing, budgeting, and saving. Finance is the most important step for making the business stronger and strengthening. In the past business can conduct whatever they wanted or liked without finance but now due to the presence of modern technology, globalization and they become more dependent on money for achieving business goals. Finance is an all-encompassing term that encircles aids or resources and money supervision for individuals, the public, and business institutions
What are the types of finance?
There are mainly three types of finance
1:Personal finance
2:public finance
3:Busniess finance
These are discussed below,
1:Personal finance ;
It is used for the term which refers to that cover three points of the management of your money as well as saving and investment of money. Personal finance has many many aspects and it can easily fit into one of their income, spending, saving, and investing. It consists of all the decisions of an individual or household which includes budgeting, investing, and savings which are made by the household to make their future finances successful.
2: Public finance;
It is the term that contracts with the administrative activities of the country's economy which has a great time in the country's development and growth, both domestically and internationally. The aims of public finance include organizing public needs, economic development, and elimination of inequality. The objectives of public or civil finance are the fulfilment of the necessities of the nation like food, shelter, health and infrastructure, and education.
3:Business finance;
Jobs or Business finance is the raising of funds and capital employed for any kind of business. It is the foundation of all businesses. It means to purchase, assets raw materials, goods, etc. It means buying and selling or importing and exporting products, issuing, stock loan, aids, and maintaining accounts. Any kind of company activity related to selling, sharing, and making debt is entirely included in financial activity.
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