Today is 21 st century. It is the age of globalized economy. In this age finance plays an important role in every activity of business. Definition- The process of arranging, utilizing, expending and investing money by proper way is called finance. In other words we can say that the process of optimum utilization of money to fulfill our need, desire, demand and expectation this process is called finance. Nature- 1. It is economic activity. 2. It is a universal aspects. 3. It is a formal activity. 4. It is a legal activity. 5. It is a positive approach. 6. It is a progressive approach. 7. It is future oriented activity. 8. It is a goal oriented approach. 9. It is a purposeful activity. 10. It is dynamic or flexible activity. Function- The function of finance is very important in this globalized economy age. The main important function is as below- 1. It fulfills the need, desire, demand and expectati...
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