Unformatted text preview: Sir Irving Fisher has spoken in terms of a cherry tree which is the stock and cherries that are collected every day as the flow of income. Flow comes only when stock is present. Therefore in order to enrich future income one has to build the stock and improve it from time to time....
View Full Document
This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10