You need it!
As far any business goes in the world, the most needed factor is the finance and nothing can come about without the right amount of capital. You need to invest in the business and to start with you may have to find it from several sources. The aspect of finance is well known in many ways and names such as capital, fund and also other names in several countries. Finance is what decides whether a business is going to be successful or not. The amount that is needed for different businesses differs considerably.
The amount can be different for different needs in the market. Without the financial help business would not be sustainable in the long run. The amount that you need should be able to obtain at the right time otherwise the take off of the business or any other venture will not be materialize effectively. Timely available capital is what will decide on the venture as a success for the longer time or at least till the business gets up in the required or the expected level of profit. This is what runs the economy of the world and this is always considered by experts as the lubricant that runs the economy.
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For the economy:
- Availability of the capital is very much a deciding point to run a country if you think about it in the bigger picture and many countries struggle without the required capital to i8nvest in projects and also to fulfill the needs of the country.
- The financial aspect of the economy is quite tough these days due o the current pandemic and many countries have come to a very difficult turn. Such countries have o depend on the capital given by the world players like the International Monetary fund or the IMF for short.
- This not only decides the economy of the country but also interferes in the politics of the borrowing country in a very negative way.
- At this stage the interest charged on the finance is of a grave concern as the poor countries find it difficult to pay back the interest not to speak about the actual funds that they have borrowed from these international fund providers.
- Therefore finance is the backbone of any economy not just a company