Finance

Finance refers to the management, creation, and study of money, investments, and other financial instruments. It encompasses a wide range of activities related to the allocation of resources over time, including the evaluation of risk and the determination of the value of assets. Finance can be broadly divided into three main areas: personal finance, which focuses on individual financial decisions; corporate finance, which deals with the financial activities of businesses; and public finance, which involves the management of funds by government entities. Key concepts within finance include budgeting, saving, investing, borrowing, and forecasting. The discipline aims to understand how individuals, institutions, and governments manage their financial resources to achieve their goals and maximize wealth.