define stock and flow concepts
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Economics, business, accounting, and related fields often distinguish between quantities that are stocks and those that are flows.
These differ in their units of measurement. A stock is measured at one specific time, and represents a quantity existing at that point in time, which may have accumulated in the past.
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Answer:
Economics, business, accounting and related fields distinguish between quantities that are stocks and those that are flows.
These differ in their units of measurement.
A stock is measured at one specific time, and represents a quantity existing at that point in time,
Which may have accumulated in the past.
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