Finance is a major branch of economics concerned with resource allocation, resource management, acquisition and investment. To put it simply, finance is a science that deals with markets and money. As oxygen is to human life, finance is to business world. It is an indispensable tool that is used by individuals, public entities, private organizations, business and other types of institutions like schools etc.. Finance is one of the most important aspects of business management and includes decisions related to the use and acquisition of funds for the enterprise. The four major areas of finance are: Corporate or managerial finance (involves provision of funds for a corporation's activities), Public finance (describes finance as related to sovereign states and sub-national entities and related public entities), Personal finance(involves the application of the principles of finance to the monetary decisions of an individual or family unit), Behavioral finance(seeks to explain the reason behind making irrational and biased decisions)
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