Difference between revisions of "Long Run"

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(Corrected claim about "the distant future" to proper economic definition of the long run (rewrote article))
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In [[economics]], the '''long run''' refers to the timeframe in which all [[factors of production]] are variable. It is most frequently compared with the [[short run]], in which at least one factor of production is fixed, or the market timeframe, in which all factors are fixed.
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#REDIRECT [[Long run]]
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[[category:economics]]
 

Latest revision as of 21:45, May 26, 2009

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