Difference between revisions of "Long Run"

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The '''long run''' is a term in economics for the distant future.  Long run costs for a seller include building factories, buying new equipment, and hiring new employees.
 
The '''long run''' is a term in economics for the distant future.  Long run costs for a seller include building factories, buying new equipment, and hiring new employees.
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[[category:economics]]

Revision as of 16:27, July 25, 2007

The long run is a term in economics for the distant future. Long run costs for a seller include building factories, buying new equipment, and hiring new employees.