what is the role of the financial sector in the economy?
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this will explain the economy.\nhttp://www.philipdru.com/griffin3_stream.html
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Law relating to finance or financial matters, such as money, taxes, or public or private revenues.
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sounds like someone has an economics exam coming up. \nProbably has something to do with employment rates and consumerism.   the ability of the population to keep the economy rolling, by having positive cash flow.
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It provides jobs and pays taxes to the states in operates in...and to the the USA as well. It also contributes to the economy of the other countries it operates in as well.
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1/  Opens up new markets to global trade.\n2/  "Free" circulation of money in a global economy...opens up capital markets...\n3/  Redistribution of wealth (either positively or negatively) as richer countries invest in developing countries....\n4/  Redistribution of people as the workforce is mobilized, seeking better economic opportunities
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1. An area of the economy in which businesses share the same or a related product or service.\n\n2. A group of securities in the same industry or market.  \n\n   \n 1. Dividing an economy into different like pieces allows for more in-depth analysis of the economy as a whole. Any economy can be divided into sectors, such as the economy of a particular city, or the global economy. The oil and gas sector is an example of an economic sector. \n\n2. It is common for analysts to specialize in certain sectors. For example, at a large research firm, an analyst may cover only pharmaceutical companies. Investment funds often specialize in a particular economic sector, a practice known as sector investing.  \n\nWhen you analyze a specific sector of the market, you are concentrating on a particular market niche.  For example, biotechnology, mecial instruments and devices, financial services, etc. are all sectors of the market.  Instead of concetrating on one particular stock, you are concentrating on a larger piece.
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Services Sector\n\nServices the 'tertiary sector' of the economy covers a wide gamut of activities like trading, banking & finance, infotainment, real estate, transportation, security, management & technical consultancy among several others. The contribution from services sector today stands over 40 per cent of the total GDP in India. The sector currently employs close to 20 million people in India. The TIFAC study on Services covered nine select sub-sectors ranging from advertising, HRD services, testing & certification to Government administration.\n\nFor all the aforesaid areas IT plays the prime role in information processing, storage & access with a view to providing improved services to the consumers. Some of the typical IT applications in major services sector are outlined in the following sections.\n\nfor more information\nhttp://www.census.gov/svsd/www/economic.html
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The Federal Reserve sets interest rates and controls the money supply; they control how much money gets printed, but don't actually do the printing.  That's done by the US Bureau of Engraving and Printing, a division of the Treasury Depart.\n\nIf you don't think the FR shouldn't do its assigned jobs, who should?  Someone has to make the decisions, in the US it's the FR, in other countries it's their central bank, which performs many of the same functions as the US FR.\n\nWhether the current board of the FR is doing a good job is a completely different thing.  You may not like what they're doing, and you can express your opinion to your senators & the president (he nominates the board members, they approve), and try to get people in there more in tune with your "vision" of how the economy should be run.  But there will still be a Federal Reserve Board.
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Making sure the company is maximizing its capital resources, by investing owner's money in the most profitable way.  On top of that, finance division must have accountability, integrity and best services.
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capital are the assets (money) used to fund the business.
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Communication played the primary role in the market revolution.  Good and fast communications is a requirement for the market to function well.  Before advanced communication, markets developed slowly, because only a small number of people could participate in them.
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Banking, Loan officers, etc. There are many many jobs in fincance.
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I'm in a economics class too, and they are things that are used to predict if the economy is going into a period of contraction or growth. Some examples are the stock market, the real GDP, prices, and sales.
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I believe one steady sector is the accounting/auditing profession. Every company needs an accountant regardless of the state of the economy. Admin people are the first to get kicked out in a recession but accountants are pretty much indispensable. Also, given the recent spate of corporate scandals, the auditing profession now demands more auditors than ever to cater to changing rules and regulations.
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It lends money to banks and collects interest.
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Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation—preparing, analyzing, and verifying financial documents in order to provide information to clients—many accountants now are required to possess a wide range of knowledge and skills. Accountants and auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services.\n\nSpecific job duties vary widely among the four major fields of accounting: public, management, and government accounting and internal auditing.\n\nYou can read about each field by clicking on the link below.  There is also information about salary, working conditions and training requirements.
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yes it has a great effect in macro economics dealing with exchange rates and interest rates and foreign trade. a weak or undervalued currency is better for manufacture of goods in your country and a strong currency is better if you import goods from other countries.