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Demand is a flow concept because the demand is the result of willingness and the ability of the consumer towards the goods consuming. Demand can be determined through the determinant factors such as price of commodity, price of related goods, income of consumer, advertisement, taste and preference, weather, customs religion, fashion, population etc
None of this factor is constant, all these factor are regularly varies with the time. For example, in the winter season the demand for jacket, or warm clothes is high but in summer season, there is no any demand for warm clothes.
Therefore, as demand of the people changes with the change of it's determinant factor, it is a flow concept.
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Supply is a flow concept justify?
Supply is considered a flow concept because it represents the quantity of goods and services that producers are willing and able to offer to the market over a specific period of time. Unlike a stock concept, which measures a quantity at a particular point in time, supply fluctuates based on factors such as production rates, resource availability, and market demand. This dynamic nature of supply allows it to change continuously, reflecting real-time economic conditions and business activities. Thus, it is best understood as an ongoing process rather than a static measure.
How could a business justify higher prices?
Depends on the business and demand.
Is production a stock and income a flow?
yes, production is a stock concept and income is a flow concept.
Stock and flow concept in macroeconomics?
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.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
What biological concept strikes you most justify your answer?
gical concept strikes you most?
What do the concept of the survival of the fittest was used to justify the?
Social Darwinism
What is the relationship between a flow concept and a stock concept?
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.
How could a business justify higher prices?
Depends on the business and demand.
What IS STOCK Concept and 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.
Is production a stock and income a flow?
yes, production is a stock concept and income is a flow concept.
Stock and flow concept in macroeconomics?
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.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
What is core concept?
Is Need,want,demand
The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations Do you agree with this statement of not Explain with examples to justify your an?
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 authors statement at the end of the text What scientefic explanation or concept do you know that may justify the statement?
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?
"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.
