What is finance? | Types of Finance |

What is finance?

It is all about the management and allocation of money and include many activities like lending, saving and investing is called finance.
In simple words how anyone manage or allocat their money in different things and manage them to earn money or save money.

Types of Finance:

Finance is mainly divided into three sub types which are following.
1) Personal Finance.
2) Corporate Finance.
3) Public Finance.

1) Personal Finance:

If anyone wants to manage their finance individually then this type of finance is know as personal finance.
In simple words if a person specifically related with the individual and manage their source of earning then this is called personal finance.
Personal Finance including the investment in education like real state, health etc.

2) Corporate Finance:

If any type of company can allocate their money and manage their source of earning then this type of finance is know as Corporate Finance.
Basically this type of finance is for company because in this finance tye whole company is included that why we can say that Corporate Finance is only for big type of company.
In simple words of any company can take a loan then they can manage or allocate their load which they get for their company. And if they return this loan then they can manage this loan detail.

3) Public Finance:

Public Finance relates with the management of money and funds of the government in their different areas that is called Public Finance.
This is type of finance which is the study of or relates to government because as you know that in their word public word is used it’s means that this is for normal peoples, so this is the type of finance which is related to government sectors.

Explanation:

So in this we will discuss about what is finance and how it can work and also the type of finance as you know top of the article we can clearly learn that there are many three types of Finance so this is all detail of finance.

Conclusion:

So in this article we can discuss about finance and type of finance.

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