Finance is the science of funds management.[1] The general areas of finance are business finance, personal finance, and public finance.[2] Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted. (source from wikipedia)
Finance can be described as the application of the principles of financial economics to an inter-related set of monetary prolems.
Finance can also be described as the process by which money is transferred among businesses, individuals,and governments via the financing and investing activities of these parties.
Thursday, December 31, 2009
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