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Short Run is an economics term for the period of time during which a firm is bound by some unalterable contract, such as a contract to consume a certain quantity of inputs or to produce a certain quantity of goods. When a firm makes decisions over a time period wherein it is not permanently bound to any contracts, it enters the long run.

The '''Short Run''' is an economics term for the period of time during which a firm is bound by some unalterable contract, such as a contract to consume a certain quantity of inputs or to produce a certain quantity of goods. When a firm makes decisions over a time period wherein it is not permanently bound to any contracts, it enters the long run.

[[Category:Economics]]

[[Category:Economics]]