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Public Vs Personal Finance Definition? | Mode or Method of Finance

Public Vs Personal Finance Definition? | Mode or Method of Finance

Hello friend! In this article, I explain what defines this form of finance? This very short article. So, please read this article thoroughly. What is four types finance Definition?

What is Public Finance?

It is the study of principles and practices related to the acquisition of funds by the government to meet the requirements of government bodies and administration of these funds. So we call these activities Public Finance.

What is personal finance?

It is concerned with the purchase of funds for private organization by individuals, voluntary associations and corporations. It seeks to analyze the principles and practices of managing its own daily affairs.

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What is direct Finance?

The term ‘direct’, applied to a financial organization, refers to when savings are directly affected by savings-surplus units without the intervention of financial companies, insurance companies, unit trusts, and all similar financial institutions. So we call this activity direct finance. Now we will tell you what is indirect finance called? It is also important to know.

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What is Indirect Finance?

The term ‘indirect finance’ refers to the flow of savings from savers to entrepreneurs, such as intermediate financial institutions such as investment companies, unit trusts and insurance companies, etc. Finance conducts economic activities. The scope of finance is determined by the financial needs of a large and commercial enterprise, which has to be identified before formulating any corporate plan. This ultimately means that it is necessary to obtain and examine financial data. The main purpose behind such an investigation is to determine how to maintain financial stability. Therefore we call this activity indirect finance.

The finance of a non-profit organization is educational chartable and related to the practices, processes and problems involved in the religions and financial management of such organizations. Which we call this activity as personal finance.

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