33. What is the role of finance in the development of the social sphere? Balances economic growth. The financial system of the country funds these sectors and provides sufficient funds for each sector – industrial, agricultural and services. Thus, finance plays a key role in the development of any economy and no economy can run successfully without a sound financial system. Examples include retail investors, high net worth individuals, pension funds, charitable foundations and private foundations
34. What is the essence of finance as a science? Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance The finance discipline considers how business firms raise, spend, and invest money and how individuals divide their limited financial resources to achieve personal and family goals.
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