What is Finance ?
Introduction to Finance:
Finance is management of the large amounts of money, and this management is needed especially by governments, big organizations or large companies. Finance is a broad topic but we discuss it here to learn basics of finance. Finance is mainly related to two main activities which are-
1. Management of money or fund which we have in our hands.
2. Acquiring or getting money or fund to full fill our needs of money or fund.
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Money is basic need for any person, organization, business and government so we have to develop a system to provide money to these, therefore we feel the need of finance. On the basis of above discussion now we can classify finance in three parts which are-
- Personal Finance
- Corporate Finance
- Public Finance
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