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Non-Competitive Markets
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
(i) Loss is a flow because losses are always with reference to a period of time.
(ii) Capital is a stock because it is measured at a point of time.
(iii) Production is a flow as it is always with reference to a period of time.
(iv) Wealth is a stock because it is always measured at a point of time.
Sponsor Area
Giving reasons categorise the following into intermediate products and final products:
(i) Furniture purchased by a school
(ii) Chalks, dusters purchased by a school.
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
Sponsor Area
Sponsor Area