Finance refers to the management, creation, and study of money, investments, and other financial instruments. It encompasses various activities related to the allocation of resources over time, considering the risks involved. Finance is broadly categorized into three main areas: personal finance, which deals with individual financial decisions; corporate finance, which focuses on financial management and strategic planning within businesses; and public finance, which involves the management of government funds and expenditures.
The core functions of finance include budgeting, investing, saving, borrowing, and the overall tracking of monetary resources. It also involves understanding financial markets, interest rates, and the factors that influence them. Finance is essential for ensuring that individuals and organizations can meet their future financial obligations, manage cash flow, and achieve financial goals. It plays a critical role in the broader economy by facilitating transactions, investment, and the efficient utilization of resources.
Japan's increasing earthquake insurance coverage reflects a shift towards resilience and preparedness following the Great East Japan Earthquake 14 years ago. The adoption of earthquake insurance has surged by 30…