The entire world revolves around Finance and it adds a lot of value to Trade. Finance is the study of how money can be managed and the entire process of acquiring funds that are necessary. In the olden days, the barter system involved the exchange of goods and services. Thanks to the introduction of money which made calculations easier. Thus, finance is simply the art of managing available resources like money, assets, securities, goods, etc.
Right from an individual to the Government entities, the circulation of money is must. Finance is divided into three broad categories – personal finance, corporate finance and public finance. It deals with activities such as pursuing investing, allocating funds, banking and obtaining credit at a low cost. Finance plays a prominent role in the economy’s health.
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