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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.
Economist [[John Maynard Keynes]] famously quipped, "Long run is a misleading guide to current affairs. In the long run we are all dead."<ref>http://www.bartleby.com/66/8/32508.html</ref>
Economist [[John Maynard Keynes]] famously quipped, "Long run is a misleading guide to current affairs. In the long run we are all dead."[http://www.bartleby.com/66/8/32508.html]
[[category:economics]]
[[category:economics]]