Finance, Credit, Investments -- Economical Categories

Scientific works in the theories of finances plus credit, according in order to the specification from the research object, happen to be characterized to be many-sided and many-leveled.

The definition of wholeness with the economical associations formed in typically the process of development, distribution and using finances, as money sources is extensively spread. For illustration, in "the general theory of finances" you will discover two descriptions of finances:

1) "... Finances reflect economical relations, formation from the funds of money sources, throughout the process regarding distribution and répartition of national invoices based on the distribution and even usage". This definition has relatively in order to the conditions involving Capitalism, when cash-commodity relations gain widespread character;

2) "Finances represent the formation regarding centralized ad decentralized money sources, cost-effective relations relatively using the distribution in addition to usage, which provide for fulfillment in the state functions in addition to obligations and likewise provision of typically the conditions with the increased further production". This specific definition is produced without showing typically the environment of the action. We share partly such description of finances in addition to think expedient to be able to make some specification.

First, finances conquer the bounds of distribution and répartition service in the nationwide income, though this is a basic first step toward finances. Likewise, formation and consumption of the devaluation fund which can be the particular part of financial domain, belongs not to the submission and redistribution regarding the national salary (of newly produced value during some sort of year), but for typically the distribution of previously developed value.

This particular latest first shows up to be a new part of value of main industrial funds, later it is definitely relocated to the cost price of an all sety product (that is to the value too) after its understanding, plus its set typically the depression fund. The source is used into account beforehand as a depressive disorder kind in typically the consistence with the prepared products cost price.

Next, main goal regarding finances is much wider then "fulfillment of the state features and obligations plus provision of problems for that widened even more production". Finances can be found within the state stage and in addition on the particular manufactures and branches' level too, in addition to in such circumstances, when the many section of the manufactures are usually not state.

Sixth is v.  Financial institutions M. Rodionova provides a different position about this subject matter: "real formation involving the money begins on the phase of distribution, once the value is understood and concrete cost-effective forms of typically the realized value are separated from the particular consistence in the profit". V. M. Rodionova makes an emphasis of finances, since distributing relations, if D. S. Moliakov underlines industrial foundation of finances.

Nevertheless both of them give quite establish discussion of budget, as a program of formation, circulation and usage of the funds of money resources, that is released associated with the following definition of the finances: "financial cash relations, which often forms in typically the process of distribution and redistribution regarding the partial value of the national prosperity and total social product, is related with the subjects regarding the economy plus formation and usage of the express cash incomes in addition to savings in typically the widened further production, in the materials stimulation of typically the workers for pleasure of the society sociable as well as other requests".

Within the manuals of the political overall economy we meet with the next definitions of finances:

"Finances associated with the socialistic point out represent economical (cash) relations, by using which, in the way of planned circulation of the earnings and savings typically the funds of money sources of the condition and socialistic produces are formed regarding guaranteeing the expansion associated with the production, rising the material in addition to cultural level involving the people and for satisfying other standard society requests".

"The system of creation and usage involving necessary funds regarding cash resources regarding guarantying socialistic widened further production stand for exactly the finances involving the socialistic modern society. And the wholeness of economical relations arisen between state, manufactures and companies, branches, regions in addition to separate citizen in line with the movement of funds funds make financial relations".
As we now have seen, definitions associated with finances made by financiers and personal economists tend not to vary greatly.