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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.
Is wealth a stock or flow variable?
Wealth is a stock variable because it represents the total value of assets owned at a specific point in time, rather than a flow variable which measures the change in value over a period of time.
What use is the concept of perfect competition in business economics?
circular flow
How does the circular flow of economic activity generates wealth in an economy?
It doesn't. The economy will remain stagnent.
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.
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.
Ask us of these best characterizes the flow of wealth during the period of colonization?
There was a one-way flow of wealth from the colonies to their colonial masters.
Define biological wealth and apply the concept to the human use of that wealth?
Biological wealth is the biodiversity that surrounds the world. We all depend on care and conservation.
What is the fundamental concept that describes electricity as the flow of protons?
Electricity is the flow of electrons, not protons.
USing the theory called electron flow concept means that electrons flow from?
The electron flow concept states that electrons flow from the negative terminal to the positive terminal of a voltage source, in contrast to the conventional current flow theory which assumes positive charge carriers moving from positive to negative.
Basic concept of resistor?
resistor is to resists the flow of current
Is wealth a stock or flow variable?
Wealth is a stock variable because it represents the total value of assets owned at a specific point in time, rather than a flow variable which measures the change in value over a period of time.
Redisturbution of wealth?
The concept of redistribution of wealth is a school of thought which claims that society take from the rich and give to the poor,popularized by the fable of robin hood. The concept is a prevailing feature of mist communist / socialist nations, though it is also appearing in the United States.
What use is the concept of perfect competition in business economics?
circular flow
