What is finance:

What is Finance ? Finance means the study of managing money and finding the required funds. The very foundation of the economic world is Finance . Its components are financial service and financial instruments. Basically, financing is about acquiring funds and their optimal management with respect to businesses. Capital, funds, money, and amount are a few abstractions of finances however they all have their separate entity. In order to enhance business development one must study and understand ... Finance is the soul of economic activities. To perform any economic activity, certain resources are needed which are to be pooled in terms of money (i.e. in the form of currency notes, other valuables, etc.). Finance is a prerequisite for obtaining physical resources, which are needed to perform productive activities and carrying business operations such as sales, pay compensations, reserve for contingencies (unascertained liabilities) and so on. What is Finance ? Finance is the study and practice of money, money-related instruments, and funds. It is associated with economics, which studies how money, assets, products, and services are produced, distributed, and consumed, but it is not the same. The prehistoric history of money may serve as the foundation for the history of finance . It is known that basic financial operations, including banking, trade, and accounting, were practiced by ancient and medieval cultures. This field may be ... Finance is the process of handling money by investing, saving, budgeting, and planning for the future. Learn how finance impacts individuals, businesses, and economies.