Financial Sector
The financial sector is a part of the economy that provides services related to money management. This includes banks, insurance companies, investment firms, and real estate companies. These institutions help individuals and businesses save, invest, and borrow money, facilitating economic growth and stability.
In the financial sector, various activities take place, such as lending, trading, and asset management. Central banks play a crucial role by regulating the money supply and interest rates, while stock markets allow companies to raise capital by selling shares. Overall, the financial sector is essential for supporting economic activities and ensuring efficient resource allocation.