inance is the management of money, assets, investments, and financial activities such as borrowing, lending, budgeting, saving, and forecasting. It involves decision-making related to acquiring and utilizing funds efficiently to maximize value.
Finance is broadly categorized into three main areas:
Personal Finance – Managing individual or household finances, including budgeting, saving, investing, insurance, and retirement planning.
Corporate Finance – Handling a company’s financial activities, such as capital investment decisions, funding strategies, financial planning, and risk management.
Public Finance – Managing government revenue, expenditures, taxation, and policies to ensure economic stability and growth.