Financial System: The Definition, Types, And Market Components

Definition of Financial System A financial system refers to a complex network of institutions, markets, and intermediaries that facilitate the flow of funds between lenders and borrowers. It plays a crucial role in the economy by mobilizing savings and allocating them to productive investments. The financial system consists of various …

All About Fiscal Policy: Importance and Examples

All About Fiscal Policy: Importance and Examples Fiscal policy plays a crucial role in the economic management of a country. It refers to the government’s use of taxation and spending to influence the overall economy. By adjusting tax rates and government spending, fiscal policy aims to stabilize the economy, promote …