What is Economy, Finance and Business?

Economy, Finance and Business are essential to understand the world around you. These are the three pillars of our economy and the three major driving forces behind our financial markets. If you want to know what’s going on in the world of finance and how the markets are functioning, you need to know about these three topics.

Economy

Economy is the study of how people interact with things of value. It is the production, distribution and consumption of goods and services. In the broadest sense, economics can be applied to any human activity that produces value for the producer and consumes resources.

Finance

Finance is the management of money. It includes everything from the simple act of exchanging currency to investing, borrowing and the derivatives market. Money is a valuable resource that can be used to produce other things of value. Finance is the means by which money is created and used. It is also the means by which debts are repaid.

Business

Business is the production, distribution and consumption of goods and services for profit.