Financial resources refer to the funds and assets that individuals, businesses, or organizations can use to meet their financial needs. These resources can include cash, investments, credit, and other forms of capital that can be accessed for various purposes, such as purchasing goods, funding projects, or covering expenses.
Effective management of financial resources is crucial for achieving financial stability and growth. By budgeting and planning, individuals and organizations can allocate their resources wisely, ensuring they have enough to meet obligations while also investing in opportunities for future development.