THE VALUE OF BUSINESS VS FINANCE IN LIFE
Jenifer Tjhinlesky – 12 Science 2
Sometimes many think that business does not need to be studied because it can be done self-taught. That statement is of course wrong because there are many theories that must be studied to understand the details in creating/developing a business. Economic business is not only aimed at making profits continuously. Experience, social relations, trends, etc. are needed in conquering a business. Therefore, we should not underestimate business economics learning. Economics studies can develop a wide range of analytical and critical thinking skills, which opens up many diverse career opportunities. Economic analysis can help us hone our skills in understanding and influencing today's policy debates. Studying material in economics prepares you for a career not only in business, banking, government, and financial transactions, but also in areas such as urban planning, international development and education. An economics degree is also excellent preparation for postgraduate study in law, business, economics, government, public administration, environmental studies, health care administration, labor relations, global studies, diplomacy, and other fields. Not only in development, the economy is at the heart of many of the social problems facing the world, including unemployment, inflation, poverty, pollution, health care, human rights, and gender and racial inequalities. An effective solution to this problem is an in-depth introduction to economics.
A degree in business or finance can lead to opportunities in organizations large and small in public and private. Both degrees also provide a solid foundation and are good preparation for entrepreneurs looking to start their own business. Both degrees involve a significant amount of basic mathematics as well as accounting, statistics, economics, and business law. A business or bachelor's degree in finance is considered sufficient preparation for many entry-level jobs such as those in the commercial banking, money management, real estate, and investment banking sectors. However, finance and business operate on the same financial principles. There is still a need to make money, save funds, find profitable investments and develop and protect your assets. In studying business and finance, we can balance income and expenses. We can ensure that there is a balance between the money coming in and the amount being sent by studying business and finance. To match short-term and long-term goals, we can also study business and finance. We can ensure that our short-term goals support our plans for the long-term future. The same goes for personal finances when we save money now as an investment for our retirement years. A business is not possible without finance and nor is running a financial institution without being a business.
There are 3 business terms every entrepreneur should know: marketing, finance and business. Each of these terms helps entrepreneurs in knowing how to handle their business more effectively. The term is the pillar of a building (business). The building can stand upright without supporting pillars, but the existence of these pillars guarantees that the building will not easily collapse. But there are still many people who do not know the difference between business and finance so many people choose the wrong major in both majors. A degree in business administration or finance can lead to opportunities in organizations large and small in the public and private sectors. Both degrees also provide a solid foundation and are good preparation for entrepreneurs looking to start their own business. The main objective of a business is to create a legally supported organization that operates by selling goods and/or services. To start a business, one must have a relationship with a law to get a legal basis for his business. Having a legal basis means that the business is legal, has a government-issued work permit, and that its products are approved by the food and beverage safety board or department of commerce and industry of the country in which it operates. While finance is the study of how individuals/groups earn, save, and spend money in a certain period of time. Finance has to do with two factors: money and time. This relates to research that describes how people save for future expenses, or how people spend their money. In particular, finance majors must have a more complex mathematical background. A solid understanding of algebra will become increasingly important as students’ progress in finance.
In the end, we ourselves will determine the choice of majors in our hands. A business that studies commercial, industrial or professional activities and is a company that offers goods or services for an amount of money. On the other hand, finance is just a part of the business. The study of how investors allocate their assets over time. Although this economy looks easy, we should not underestimate the study of business/finance so that we can have a solid foundation in carrying out our work. Even all jobs require the business and finances that underlie their own work in order to be organized. Future economic growth is in our hands, we will determine how the economy of our next generation will be. Therefore, a good business/economic study is needed so that a balance between the community and entrepreneurs emerges. New ideas are needed from prospective successful entrepreneurs who understand the world of finance and business so that the future of our economy can be better.
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