Answer to Question #156512 in Macroeconomics for Areesha sajid

Question

Domestic financial sources available in a modern economy?

Answer 1

Various domestic finacial sources are available for developemnt. The selection of such sources is depends on a firm's stage of development. If an enterprise is in its initial stages, it should source funds from family, friends, and personal funds. Later stages of development require funding from banks, and assets from other financial institutions. It is also adviseable to seek finances from capital markets, apart from utilizing corporate bonds and initial offering of shares.