- Time frame in which all inputs are variable.
American business jargon. 2014.
Look at other dictionaries:
long-run — UK US adjective [before noun] ► continuing to exist or have an effect for a long period of time: long run growth/inflation/potential »Spending on public services helps long run economic growth. »Consumer confidence is well above its long run… … Financial and business terms
long run — (n.) also long run, ultimate outcome, 1620s, from LONG (Cf. long) (adj.) + RUN (Cf. run) (n.), on notion of when events have run their course. As an adjective from 1804 … Etymology dictionary
long-run — adj. 1. relating to or extending over a relatively long time; as, the long run significance of the elections. Syn: long term. [WordNet 1.5] … The Collaborative International Dictionary of English
long-run — [lôŋ′run′] adj. extending over a long time … English World dictionary
Long-run — In economic models, the long run time frame assumes no fixed factors of production. Firms can enter or leave the marketplace, and the cost (and availability) of land, labor, raw materials, and capital goods can be assumed to vary. In contrast, in … Wikipedia
long run — A period of time in which all costs are variable; longer than one year. Bloomberg Financial Dictionary * * * long run UK US noun [S] (also long term) ► a long period of time: »We are optimistic about the long term. a long run of sth »There are… … Financial and business terms
Long Run — A period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas in the short run firms are only able to influence prices through adjustments made to production levels.… … Investment dictionary
long-run — /lawng run , long /, adj. happening or presented over a long period of time or having a long course of performances: a long run hit play. [1900 05] * * * … Universalium
long run — n. long range outlook in, over the long run * * * [ lɒŋrʌn] over the long run [ long range outlook ] in … Combinatory dictionary
long run — noun 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 • Syn: ↑long haul • Hypernyms: ↑time period, ↑perio … Useful english dictionary
long run — noun Date: 1627 a relatively long period of time usually used in the phrase in the long run • long run adjective … New Collegiate Dictionary