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Finance is a branch of economics. It specially deals with the concepts of fund managements, resource management, money, capital management etc. Many big organizations and companies are dependent on this branch of economics for their success rate. The main thing is that organizations use some sorts of permutations and combinations of financial methods in order to do a needful analysis of all the key elements that can help the organization in gaining the popularity. It further deals with the assets allocations and liabilities over the time under some conditions of certainty and uncertainty. In simple words finance is the management of money and other related assets. Finance is of great importance at present. It’s hard to imagine the world without the finance. The soul of all economical activities is finance. Finance is used to raise money through issuance and sale of the debt or equity.
Finance includes the management of revenues. Finance is the science which tells about how to manage the money, how to create the money and how to study the money, banking, credit, investments, liabilities and assets. There are financial systems in financial structures such as public finance, private finance and government finance. Some also categorizes finance as public finance, corporate finance and personal finance. Depending on the field or area of finance, there are many forms of financial study. However, the study of behavioral finance aims highly on the human side of the finance.
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