Finance is the management of large amounts of money especially by large institution. It is a basic structure of business. It is a process of acquiring and disposing assets. Under states of various degrees of uncertainties and risks the elements of benefits and liabilities are incorporated in some cases. The way finance is also characterized as one of the art of money management. Basically, the economy of a country is directed towards the speculated wealth of a growing nation. It is also the important source of the country and helps in the management of the factors based upon the economy of the nation. Though there may be different types of factors that are responsible for the growth and development of the country and it is also plays a main role among all of these. This paper is to reveal the basic functions of the finance, its objective, needs, types, scope and related information regarding the finance and the purpose within a nation. And to ascertain the factors where the finance of our nation is lacking.
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International Journal of Management and Social Sciences, All rights reserved.