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Chapter: 12th Commerce : Chapter 5 : Financial Markets : Capital Market

Capital Market

The term capital market refers to the facilities and institutional arrangements through which long-term funds, both debt and equity are raised and invested.



FINANCIAL MARKETS

CAPITAL MARKET

The term capital market refers to the facilities and institutional arrangements through which long-term funds, both debt and equity are raised and invested. It consists of a series of channels through which savings of the community are made available for industrial and commercial enterprises and for the public in general. It directs these savings into their most productive use leading to the growth and development of the economy. The capital market consists of development banks, commercial banks and stock exchanges. An ideal capital market is one where finance is available at reasonable cost. The process of economic development is facilitated by the existence of a well functioning capital market.

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12th Commerce : Chapter 5 : Financial Markets : Capital Market : Capital Market |


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