yes, production is a stock concept and income is a flow concept.
Stock concept doesn't have a time reference whereas Flow concept has time reference i.e. Stock concept gives the value at an instant of time while flow concept gives the values over a period of time.
No, it is a stock measure, as in, it is measured at a given point in time. Income on the other hand IS a flow measure, you must specify a time period for it ex. income per month or per year.
flow
Flow
yes, production is a stock concept and income is a flow concept.
Stock concept doesn't have a time reference whereas Flow concept has time reference i.e. Stock concept gives the value at an instant of time while flow concept gives the values over a period of time.
The flow concept is the one in which goods and services move from person to person. In the stock concept, stocks build up or get depleted, they do not flow.
Stock concept doesn't have a time reference whereas Flow concept has time reference i.e. Stock concept gives the value at an instant of time while flow concept gives the values over a period of time.
No, it is a stock measure, as in, it is measured at a given point in time. Income on the other hand IS a flow measure, you must specify a time period for it ex. income per month or per year.
flow
It is a flow.
Flow
examples of stock variables and flow variables stock: saving,capital,labour force, wage rate, flow: income,investment,balance of payment
concept of per stock in hotel industry
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Common stock is shown under "Cash flow from financing activities" section of cash flow statement.