Finance is the foundation of modern economies, shaping how individuals, businesses, and governments manage resources, investments, and risks. It goes beyond money management to include corporate finance, personal finance, public finance, and international finance, making it central to growth and stability. Finance enables capital formation, drives innovation, ensures risk management, and supports policymaking through monetary and fiscal tools. With globalisation, FinTech, and sustainable finance reshaping the field, financial systems have become vital for development, resilience, and environmental responsibility. Understanding the meaning, scope, and importance of finance equips individuals and institutions to thrive in an interconnected and ever-evolving world.
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