long run
long run
English Definitions:
long run, long haul (adj)
a period of time sufficient for factors to work themselves out
"in the long run we will win"; "in the long run we will all be dead"; "he performed well over the long haul"
long-run, long-term, semipermanent (adj)
relating to or extending over a relatively long time
"the long-run significance of the elections"; "the long-term reconstruction of countries damaged by the war"; "a long-term investment"
long run (Noun)
An extended period of time.
long run
In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics there are no fixed factors of production in the long-run, and there is enough time for adjustment so that there are no constraints preventing changing the output level by changing the capital stock or by entering or leaving an industry. This contrasts with the short-run, where some factors are variable (dependent on the quantity produced) and others are fixed (paid once), constraining entry or exit from an industry. In macroeconomics, the long-run is the period when the general price level, contractual wage rates, and expectations adjust fully to the state of the economy, in contrast to the short-run when these variables may not fully adjust.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"long run." Kamus.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.kamus.net/english/long+run>.
Discuss this bahasa indonesia long run translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In