Finance is a branch of economics concerned with resource allocation as well as resource management, acquisition and investment. It deals with the study of how money is managed and the actual process of acquiring needed funds. This wide field is often separated into three sub-categories:
- Personal finance
- Corporate finance
- Public finance
These three categories are concerned with activities such as pursuing sound investments, obtaining low-cost credit, allocating funds for liabilities, and banking. Due to its rising importance, Finance has become an important subject of almost all management course curriculums and has wide coverage.
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