On an economy's financial calendar, a quarter is a three-month period that serves as the foundation for reporting company earnings and disbursing dividends.
A complex system of linked trading, consumption, and production activities makes up an economy, and it ultimately decides how resources are distributed among all the players. The requirements of persons who live and work inside the economy are met by the creation, consumption, and distribution of products and services. A country, a region, a single industry, or even a family may be represented by an economy.
Hence, A three months period makes up a quarter.
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