In economics income is a _________ concept.

flow

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both of the above

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none of the above

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Solution

The correct option is B flow
In economics,income is a flow concept since income is measured at an interval period of time.It is not calculated at a specific point of time unlike a stock concept .

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In economics income is a _________ concept.

The correct option is B flowIn economics,income is a flow concept since income is measured at an interval period of time.It is not calculated at a specific point of time unlike a stock concept .

The correct option is B flow
In economics,income is a flow concept since income is measured at an interval period of time.It is not calculated at a specific point of time unlike a stock concept .