What is Financial Institutions? Financial institutions are business organizations which deal in money, though some may deal in other financial assets such as shaves, letters of credit, bills of exchange etc. With the exception of the Central Bank, they make profits by trading in money; that is, through the process...

Socialism is a philosophical current of economic, social and political thought, as well as a diverse set of political theories, movements and socio-economic systems that have been inspired by such thought. All of them have in common the defense of the public, collective or cooperative property of the means of production of the society, instead of their property in private hands. In addition, it proposes the planning and organization of social and economic life from the forces that make up the State.