What is the Study of Finance? Understanding the Foundation of Wealth and Decision-Making
Introduction Finance is everywhere-from budgeting your monthly expenses to multi-billion-dollar corporations. And yet, few of us actually know what finance entails. So, what does finance study, and what exactly is its importance? In this article, explore with us the very heart of finance, its central principles, and some very applicable insights that will bring light to this very important discipline. Don’t wait any longer! Take the first step toward mastering finance today. What is Finance? In simple words, finance relates to the study of management, allocation, and investing money. It is the decision-making process under uncertainties that takes into consideration the requirement of efficient utilization of the available resources. The various fields involved in the financial system, markets, and instruments, and the ways of weighing up risk and reward. Finance could broadly be divided into: Personal Finance: How an individual manages his or her income, expenses, savings, inves...