
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Briefly explain what are flow variables?
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In economics, a distinction is often made between quantities that are stocks and quantities that are flows. The difference is in the unit of measurement of the mentioned quantities. Stocks and flows have different units and thus are not comparable to each other. Stock is measured at a specific time, whereas flow is a concept that is measured over a period.
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