A broad Outlook at the Field of Finance
Principally finance is simple. But it branches of into several somewhat interrelated categories to help better distinguish its different segments. Public finance on what hand focuses on the public administrative aspect of finance, wherein one tries to find effective strategies and policies of how to spend money on infrastructure and administration.It is a stark contrast from corporate finance which deals in the inner workings of giant corporate entities. Personal finance, or the study of financial activities of individuals and personal wealth management; whereas, these three are more oriented towards expenditure of money by various separate or conglomerate entities, there are two other categories. International finance for example deals financial dealings between countries, corporates and the many individuals that are constituents of both. There is also behavioral finance which tries to study patterns of expenditure or movement of money between individuals and corporations, to better predict and benefit from changes in their behaviors. Thus, finance is both a comprehensive study of how money should be spent and how one can effectively manage one’s wealth.
Such level of complexity can be bewildering, and attempting to make assignments related to finance may result in a very incoherent mess. A badly written assignment, shall not bode well for your education and your career.
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