What Is The Importance Of Finance In An Economic?

Finance is the backbone of economics and according to some the actual lifeblood of all business activities in all their varied forms. Finance forms the basis and crux of all operations that revolve around effective management of resources both for profit oriented organizations and non profit non governmental organizations. The main focus of finance is estimating the feasibility of policies and equipping the economists with tools to assess, analyze and devise economic structures, developing infra structures, improving the human development index and management of resources.