What does long run mean?
Definitions for long run
long run
This dictionary definitions page includes all the possible meanings, example usage and translations of the word long run.
Princeton's WordNet
long run, long hauladjective
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, semipermanentadjective
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"
Wiktionary
long runnoun
An extended period of time.
Wikipedia
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.
ChatGPT
long run
In economics, the long run refers to a period of time in which all factors of production and costs are variable. It is a timeframe where a business can alter all of its inputs, such as labor, capital or raw materials, in response to changes in demand, technology, or other economic conditions. This term is also used in various other fields such as statistics, finance, and investing with varying definitions, but generally refers to a sustained, extended period of time that is not characterized by immediate or short-term considerations.
Numerology
Chaldean Numerology
The numerical value of long run in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of long run in Pythagorean Numerology is: 2
Examples of long run in a Sentence
In the long run, what has got to happen on the national level and on the state level is the people of this state and country have got to stand up to the 2 or 3 % of the population that controls the economy, and the billions and billions and billions of dollars owned and controlled by these people have got to come within the public domain.
It's obvious that Italy and Greece will need help and that will cost a relatively large amount of EU money, that is too many for the long run.
In the long run, you hit only what you aim at: Therefore aim high.
In the long-run they are battling it out for the biggest thing, to be home free. Every American wants a home and if they can get it for free, they’re gonna work really hard for it.
The measure is mainly intended to curb irrational speculation, which could be good for the overall market in the long run, yet could bode ill for speculative stocks in the short term.
Translation
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"long run." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/long+run>.
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