Demand is a flow concept because our willingness and ability to buy is subjected to a time
period. At different times, we may have different demand schedules.
Depends on the business and demand.
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 concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Marshal borrowed the concept of forces of demand and supply. This is a concept that had been established by Smith and Ricardo.
gical concept strikes you most?
Social Darwinism
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.
Depends on the business and demand.
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.
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 concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Is Need,want,demand
The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.
do you agree with the author s statement at the end of the text? what scientific explanation or concept do you know that may justify the statement?
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.