This document discusses stocks and flows, which provide an operational view of systems. Stocks are accumulations that exist at a point in time, like the level of water in a bathtub. Flows are rates of change that exist over time, like turning the faucet. Stocks change only through inflows and outflows. It is important to respect units when combining stocks and flows and apply the principle of conservation to physical quantities. Stocks and flows can have different behaviors, such as constant, increasing, or decreasing inflows and outflows.