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.
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
Arthur C. Clarke, The Exploration of Space, 1951:
If we have learned one thing from the history of invention and discovery, it is that, in the long run - and often in the short one - the most daring prophecies seem laughably conservative.
There's no doubt that in the short run, this will reduce the number of encampments on Skid Row and increase property values, but in the long run, I fear it could make things worse by serving as an excuse to turn to police to clear people off sidewalks.
This would offset the impact of a decline in the long-run neutral real rate of interest by giving the( Fed) more' policy space' to respond to adverse shocks.
What isn't acceptable in my view is that some people are saying this has nothing to do with them, this won't work in the long run. There will be consequences although we don't want that.
It's no longer just about selling our services, it does have to be an education of how we're going to end up saving them money in the long run.
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"long run." Definitions.net. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.definitions.net/definition/long+run>.
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