MANAGEMENT

Detailed explanation-1: -There are two types of private finance – Personal finance and business finance. Personal finance is only limited to an individual or household level. It includes investment, banking, saving, loans, tax management, and retirement planning.

Detailed explanation-2: -"Finance” is typically broken down into three broad categories: Public finance includes tax systems, government expenditures, budget procedures, stabilization policy and instruments, debt issues, and other government concerns. Corporate finance involves managing assets, liabilities, revenues, and debts for a business.

Detailed explanation-3: -Private Finance means all financial resources that are provided for the implementation of a Funded Activity from entities that are more than 50 per cent owned and/or controlled by private shareholders; Sample 1Sample 2.

Detailed explanation-4: -Meaning of Business Finance It refers to the corpus of funds and credit employed in a business. Business finance is required for purchasing assets, goods, raw materials and for performing all other economic activities. Precisely, it is required for running all the business operations.

Detailed explanation-5: -Private finance refers to financial activities and decisions made by individuals and private businesses, such as managing personal savings, obtaining mortgages, and making investments.