What Does 'Financial Science' Mean?

Category: Glossary, Type: Other

The Meaing of Financial Science

The science of finance studies the activity of state and public bodies to procure the resources essential to satisfy collective needs. The discipline is also recognized as public finance or public financial economics.

What finance science studies? In a contemporary society, economic activity is mainly carried out by private economic subjects, but also by the state and public bodies.

The economic activity carried out by the state satisfies the public needs of society and is called public finance.

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Category: Glossary, Type: Other