THE ESSENCE AND FUNCTIONS OF FINANCE: A COMPREHENSIVE REVIEW AND ANALYSIS
Keywords:
Key words: Finance, economic system, capital allocation, risk management, financial markets, financial institutions, resource allocation, economic development, investment managementAbstract
Abstract: Finance is a cornerstone of modern economic systems, encompassing the principles, mechanisms, and institutions that govern the management of financial resources, allocation of capital, and mitigation of risk. This paper offers a comprehensive examination of the essence and functions of finance, drawing upon a diverse array of theoretical perspectives, empirical research, and practical insights. We delve into the fundamental concepts underpinning finance, exploring its historical roots, theoretical frameworks, and practical applications within contemporary economies.
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