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What is financial management?

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It is a branch of economics concerned with the generation and allocation of scarce resources to the most efficient user within the economy (or the firm). The allocation of these resources is done through a market pricing system. A firm requires resources in form of funds raised from investors. The funds must be allocated within the organisation to projects that will yield the highest return.

Kavungya answered the question on March 11, 2019 at 12:26

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What is financial management?

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