Highlights the different meaning and concept of finance
Answers
Answer:
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Explanation:
Finance is when we grant or give some funds and manage the funds for some individual, or for business and for the government. It includes distributing the money and managing the finances for someone or lending of the funds.
It is a widespread term which is defining two activities all together at the same time.
First is, that it’s the study of managing the money. And secondly, it’s the actual process of the funds required by some individual or business to get their work or business grow.
Or we can say, that finance is a field dealing with capital funds and credit funds invested in the business. It can be defined as planning, raising, managing and controlling all the money used in the business.
In simple words, Finance is the management of money which can include investing, renting, saving, lending, budgeting, etc.
It is giving its requirements for managing wealth and investing money. It is not just about shifting of money. But it is more about the management or control of money i.e. how well are we managing the funds. Because our main motive is to develop the business with a limited expense possible.
In business, the work of a finance team is to ensure that the company has sufficient resources to work in the best way possible and to maximize productivity.
And also to check that the fortune which company has invested is used for the right purpose. And the company’s expenses and wealth are well managed.
hey mate here is ur answer
1st meaning - The economical condition of a person. The money you need to start a business.
2nd meaning - The act of managing money.
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