Scientific functions in the theories of financing and credit, as stated by the specification of the research object, are distinguished to become many-sided and many-leveled.
The definition of totality of the economic relations shaped in the process of formation, distribution and utilization of finances, as currency sources is broadly distributed. As an Example, in “the general concept of financing” you will find two definitions of finances:
1) Finances reflect economical relations, creation of the funds of money sources, in the practice of distribution and redistribution of federal receipts according to the supply and utilization”. This definition is given comparatively to the conditions of Capitalism, when cash-commodity relations gain international character;
2) “Finances represent the formation of centralized advertisement decentralized currency sources, economical relationships comparatively with the distribution and utilization, which serve for satisfaction of the state functions and obligations and provision of these states of the widened further production”. This definition is attracted without showing the environment of its own action. We share partly such explanation of financing and think expedient to make some specification. * https://etaaustraliaonline.com
First, finances overcome the boundaries of distribution and redistribution support of their federal income, although it is a simple foundation of finances. Additionally, formation and usage of the depreciation fund that’s the part of financial realm, belongs not to the distribution and redistribution of the national income (of newly formed value in a year), but to the distribution of developed value.
This latest first appears to be part of value of commercial funds, later it is moved to the cost price of a prepared product (that is to the value also) and after its recognition, and it is set the depression fund. Its origin is taken into account before hand for a melancholy kind at the consistence of their ready products cost price.
Secondly, main objective of financing is much wider then “satisfaction of this state responsibilities and functions and provision of requirements to the widened further production”. Finances exist on the country level and on the branches and leaves’ level too, and in such conditions, if the most aspect of these manufactures are not condition.
From the guides of this political economy we meet together with the following definitions of finances:
“Finances of this socialistic state represent economical (money) connections, with the support of that, in the method of planned supply of their incomes and savings that the capital of money sources of this country and socialistic manufactures are shaped for guaranteeing the growth of the creation, rising the material and cultural level of the people and also for fulfilling other overall society asks”.
“The system of creation and usage of essential funds of cash resources for guarantying socialistic widened further generation signify exactly the financing of their socialistic society. eTA Sri Lanka And the totality of economic relations arisen involving state, manufactures and organizations, branches, regions and independent citizen according to the motion of money funds make fiscal relations”.
In every shared position you will find:
1) expression of essence and phenomenon in the definition of finances;
2) the definition of finances, since the machine of the creation and utilization of funds of cash sources on the level of phenomenon.
3) Distribution of financing as social merchandise and the value of domestic income, definition of these distributions intended personality, chief aims of the economy and economical connections, for servicing of that it’s used.
If deny the preposition “socialistic” from the definition of finances, we might say, it retains precision. We meet with this kind of traditional definitions of finances, with no adjective “socialistic”, at the modern economic literature. We may give such an elucidatiohttps://e-visaexpress.de