FINANCIAL MARKET

FINANCIAL MAEKET
In econamics,a financial market is a mechanism that allows peopleto buy and shell financial securities,commodites,and other fungible items of valueat low transaction cost and at price that reflect the efficient market hypotesis.
Both general market and specialist markets,exist. markets work by placingmany interested buyersand sellers in one place,thus making at easier for them to find each other. An economy which rilies primaraly on interacsion between buyers and sellers to allocateresourches isknown as a market economy in contrast either to command economy or to non market economy such as a gift economy.
In finance,financial markets  facilitate :

• The raising of capital
• The transfer of risk
• International trade

PERSONAL FINANCE

Questions in personal finance revolve around

1. How much money will be needed by an indivual (or by a family), andwhen?
2. Where will this money come from and how?
3. How can family assets best be transferred across generations (bequests and inheritance)?
4. How can people protect themselves against unforeseenpersonal events as well as those in the external economy?
5. How does tax policy (tax subsidies or penalties) affect personal financial decisions?
6. How does credit affect an individuals financial standing?
7. How can one plan for a secure financial future in an environment of economic instability?

Personal financial decisions may involve paying for education,financing durable goods such as real estate and cars,buying insurance,e.g.Health and property insurance,investing and saving for retirement.