Throughout history, how to manage the economy and finance has suffered all manner of changes to accommodate new needs. This type of transformation is especially evident in the last 30 years.
Previously, the so-called ?traditional finance? were basically descriptive, concerned more to understand and explain it to cause a real change or make decisions. Modern finance, however, aim to explain financial phenomena to design the best strategies for managing businesses of all kinds (the family in this regard can be understood as a company).
Today, finance has become a key sector in the country?s life and society. Science has begun to be applied in the field of economy and increasingly greater emphasis on the importance of the methodology and the order to reach financial success.
Information technology, covering telecommunications (landline, cellular, radio transmission) the personal computer and the Internet has played a crucial role in changing the management of finances both personally and globally.
That?s why we speak of modern finance in our context is to think about money management and its derivatives in relation to the world.
Throughout this article we will present some of the key terms for understanding modern finance.
It is important to note that the crucial point for economic life today is the financial risk. The financial risk is directly related to uncertainty involving the inability to predict the exact behavior of economic and financial processes.
So modern finance using probability theory and statistics to make estimates and future projections.
Source: http://www.huskypridefund.com/2011/07/economy-and-finance/
dead or alive chris o dowd chris o dowd amber alert big ben tim burton patrick swayze
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