Finance is the field that deals with the management, creation, and study of money, investments, and other financial instruments. It encompasses a wide range of activities related to the flow of funds, including banking, investing, borrowing, lending, budgeting, saving, and forecasting. Finance is divided into three main categories: personal finance, corporate finance, and public finance.
Personal finance involves managing individual or household financial activities, including budgeting, saving for retirement, and planning for education expenses. Corporate finance focuses on the financial activities of businesses, encompassing investment decisions, capital structure, and the management of assets and liabilities. Public finance pertains to the financial activities of government entities, including taxation, spending, and the management of public debt.
Overall, finance plays a crucial role in the economy by facilitating the allocation of resources, enabling investments, and supporting economic growth and stability. It allows individuals and organizations to plan for future financial needs, assess risks, and make informed decisions regarding financial resources.
BioNTech is transitioning from COVID-19 vaccine success to developing pioneering cancer therapies using mRNA technology. The company faces financial challenges, reporting a €700 million net loss in 2024, yet has…