1 April 2025

Finance

Finance refers to the management of money, investments, and other financial instruments to maximize value and manage risks. It encompasses a wide range of activities related to the creation, oversight, and study of monetary systems, including the processes of borrowing, lending, investing, budgeting, and saving. Finance is divided into three main categories: personal finance, corporate finance, and public finance.

Personal finance involves managing individual or household financial activities, including planning for future expenses, saving for retirement, and investing in various financial products. Corporate finance focuses on the financial activities of corporations, including capital structuring, funding strategies, and investment decision-making. Public finance deals with the financial activities of governments and public institutions, encompassing revenue collection, budgeting, and expenditures.

Overall, finance plays a crucial role in the economy by facilitating the allocation of resources, enabling investment, fostering economic growth, and helping entities manage their financial stability in a dynamic environment.