Finance is the not-so-simple business of saving, and sometimes, lending money. There are broadly three types of finance – personal, public and business.
Personal finance is concerned with calculation of how much money can be needed by a family or an individual. It also answers questions like what amount of money might be needed in case of an unforeseen calamity.
Public finance, or corporate finance, involves managing money for an organization’s activities. It involves finding an optimum level of risk and profit, while trying to maximize efficiency. It also aims to increase the value of a company’s stocks. Another decision that needs to be taken is asset management, which involves acquiring assets which will help in increasing the company’s value.
