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

  1. 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"

  2. 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"

Wikipedia

  1. 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

  1. long-run

    The long-run is a period of time in economic theory during which all factors of production and costs are variable. In the long-run, companies are able to adjust all costs, whereas, in the short-run, companies are only able to influence prices through adjustments made to production levels. It refers to a sustained period where all elements can be changed to influence outcomes, beyond immediate or short-term timeframes.

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Numerology

  1. Chaldean Numerology

    The numerical value of long-run in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of long-run in Pythagorean Numerology is: 2

Examples of long-run in a Sentence

  1. Mark Lemley:

    One of the things that troubles me about it is, it's something that is counter to the spirit of the internet, i think something significant is lost there if the only apps we get are US apps or apps from approved countries. We lose out as consumers on technology that people like... but in the long run the US also loses out economically, because we have been the great driver of the Internet.

  2. Ken Meeks:

    First of all, it will probably help you, even if only from the therapy itself. And from an altruistic point of view, anything that moves the science forward will not only help you in the long run, but will help somebody else.

  3. Mikael Wester:

    When you have the glove on, it provides strength and reduces the effort needed when lifting objects, it's all in order to reduce fatigue and prevent strain injuries in the long run.

  4. Timothy Bono:

    A lavish vacation of several weeks will not necessarily bring more happiness than a quick getaway that lasts just a few days. In fact, it may actually bring more happiness in the long run to go on two short vacations, separated by several months, than one long one each year, you'd have two sets of experiences to look forward to and two sets of memories to look back on and relive for years to come.

  5. Richard Doucette:

    I like to use Weber Grill products. Eric LeVine pay a bit more, but in the long run, they are worth it since they perform better and last longer, my grill brush at home has 2 types of bristles. One course for heavy grime and one fine for quick clean ups.

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"long-run." Definitions.net. STANDS4 LLC, 2024. Web. 4 Oct. 2024. <https://www.definitions.net/definition/long-run>.

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