Finance

Finance refers to the management, creation, and study of money, investments, and other financial instruments. It encompasses a broad range of activities, including the budgeting, forecasting, investing, borrowing, lending, and the valuation of assets and liabilities. Finance is divided into three main sectors: personal finance, corporate finance, and public finance. Personal finance deals with individual or household financial decisions, corporate finance focuses on the financial operations and strategies of businesses, and public finance involves the financial management of government entities and public resources. The primary goal of finance is to maximize the value of assets and ensure optimal financial decision-making. It plays a critical role in the economy, influencing growth and stability through the allocation of resources and the management of risk.