Finance: What You Need to Know
Finance is an economic discipline that studies money and other types of capital. Finance is closely tied to economics, which studies production, distribution, and consumption. It is an interesting topic that may lead to a rewarding career. Here are some financial basics you should know. Finance's primary purpose is to allocate resources to various sectors of the economy. This covers public finance, which is concerned with taxes and government spending. Government budgets and fiscal stabilization programs are also dealt with in public finance. On the other hand, corporate finance is concerned with managing a company's assets, liabilities, and revenue. Personal finance is concerned with controlling one's income and expenditure and may help accomplish one's objectives. Understanding personal finance may help you make better financial decisions. Finance has profound roots in allied sciences such as mathematics and statistics. Many financial theories are founded on scientif...