What is nature of economic system?
public finance studies more about the financial activities or expenditures of our government.
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1. Money 2. Financial instruments 3. Financial markets 4. Financial institutions 5. The Central Bank
Financial Assets are created in the free enterprise system using private individuals wealth, and they purchase things.
nature of financial system in India?
nature of financial institution
Activity-based costing.
There are majorly 2 components of financial system one is formal financial system and another one is informal financial system. under the formal financial system there are 4 components 1)Financial Intermediaries 2)Financial Markets 3)Regulators 4)financial instruments in informal financial system neighbours ,relatives,landlords,local trader are there
Financial system is a system used by organizationÕs management to exercise financial control and accountability. It allows transfer of money between savers and borrowers.
Government is an actor within a financial system and sometimes they create the financial system but government is not by itself a financial system unless there are not free markets of any sort.
The main elements of Financial System are as follows:MoneyFinancial MarketsFinancial InstitutionsFinancial InstrumentsCentral Banks
financial system means a system used to convert savings into productive investment.
Uses of Financial Information System
There are basically 4 components of INDIAN FINANCIAL SECTORS are: 1. FINANCIAL INSTITUTIONS 2. FINANCIAL INSTRUMENTS 3. FINANCIAL MARKETS 4. FINANCIAL SERVICES
What is nature of economic system?
chart showing financial service of indian fancial system