All businesses need to raise finance to run a business

Jun 27th, 2015
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Abilene Christian University
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Financial system is that part of economy, which includes all the financial institutions and markets involved in –Moving savings from savers to borrowers; and Transferring, sharing & insuring risks.

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FINANCEFinance is one of the major elements, which activates the overall growth of the economy. Finance is the lifeblood of economic activity. A well-knit financial system directly contributes to the growth of the economy. An efficient financial system calls for the effective performance of financial institutions, financial instruments and financial markets.Financeis the study of howinvestorsallocate theirassetsover time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is thetime value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return.Finance is a subfield of Economics. It deals with the allocation of wealth through time, the decision of how much to consume today and how much to save or invest for consumption tomorrow. Thus finance refers to concepts of time, money and risk and how they are interrelated. In other words, we can say that finance is the discipline concerned with determining value and making decisions. The finance function allocates resources but also includes the acquiring, investing and managing of resources. Nowadays, the globalization and liberalization of the world economy has caused to bring tremendous reforms in financial sector, which aims at promotion of diversified efficient and competitive financial system in the country. Economic scene being compl

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