Financial Resources

The money available to a business for spending in the form of cash, liquid securities and credit lines. Before going into business, an entrepreneur needs to secure sufficient financial resources in order to be able to operate efficiently and sufficiently well to promote success.

Financial resources as a comprehensive component of all the economic processes differ in methods of creation, usage and economic entities they are managed by. Consequently, at the macro level they are functioning under the public authorities' control whereas at the micro level they are operated by the companies of all forms of ownership and activities, as well as the population (deposits and savings). Most researchers define public financial resources as money funds, which are created in the process of distribution, redistribution and the use of gross domestic product in the course of a certain period of time and are used to provide continuity of expanded reproduction and meeting other social needs [1, 2].

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