Why machinery is consisered as stock but not flow. Explain
Dear student,
A stock variable is the one that is measured at a particular point of time. In other words, they are measured at a single point of time.
Machinery is measured at a point of time. So, it is a stock variable.
A stock variable is the one that is measured at a particular point of time. In other words, they are measured at a single point of time.
Machinery is measured at a point of time. So, it is a stock variable.