short-run (Meaning)

Wordnet

short-run (s)

relating to or extending over a limited period

No Synonyms and anytonyms found

The short-run refers to a period of time where at least one factor of production is fixed.
In the short-run, firms cannot adjust their capital stock, which limits their ability to expand output.
Short-run decisions focus on how to efficiently utilize existing resources to maximize output.
Short-run supply curves are typically upward sloping due to diminishing marginal returns.
The short-run equilibrium is determined by the intersection of the short-run supply and demand curves.
Short-run fluctuations in demand can lead to temporary imbalances in the market.
In the short-run, labor costs are often considered fixed, while variable costs like materials can fluctuate.
Short-run economic models are useful for analyzing immediate market trends and policy implications.
Short-run government interventions, such as price controls, can have unintended consequences.
Understanding short-run market dynamics is crucial for business planning and economic forecasting.

relating to or extending over a limited period

No synonyms found.

No antonyms found.

The short-run refers to a period of time where at least one factor of production is fixed.

In the short-run, firms cannot adjust their capital stock, which limits their ability to expand output.

Short-run decisions focus on how to efficiently utilize existing resources to maximize output.

Short-run supply curves are typically upward sloping due to diminishing marginal returns.