Finance is the study of optimal asset allocation. Organizations or individuals must make an investment in order to achieve the highest possible return over time.
Branches of finance
Personal finance
Personal finance refers to the income and expenses of an individual or household, taking into account the savings, investments and the amount they expend as an expense.
Public Finance
Public finance deals with the activities of the government in the economy. That is the government revenue from various sources such as taxes, fines, fees, tariffs, etc.
Corporate Finance
This deals with the management of the funds of the organization. Companies have to maximize their assets and thereby increasing the value of shares in the market.
