Discuss the Evolution of finance in the perspective of
Traditional, Transitional and modern phase
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Discuss the Evolution of finance in the perspective ofTraditional, Transitional and modern phase
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EVOLUTION OF FINANCE Budgetary administration has developed as an unmistakable field of study just in the early piece of this century because of solidification development and arrangement of huge ventures Its development might be isolated into three stages some what subjective The Traditional phase The Transitional phase and The Modern phase THE TRADITIONAL PHASE This stage went on for around four decades Its best articulation was appeared in the insightful work of Arthur S Dewing in his book titled the Financial Policy of Corporation in 1920s In this stage the focal point of monetary administration was on four chosen perspectives It treats the whole subject of money from the untouchables perspective speculation banks moneylenders other as opposed to the monetary leaders perspective in the firm It puts a lot of significance on company account and excessively little on the financing issues of noncorporate ventures The succession of
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