Wednesday, 29 May 2024, 2:44 AM
Site: MyCourses
Course: 25E52000 - Market Entry Strategies for Entrepreneurial Business, Lecture, 11.1.2022-25.2.2022 (25E52000_aalto-CUR-142988-3064939)
Glossary: Glossary
S
short runShort
run refers to a situation when one factor of production is held fixed. For
example, tank capacity in Jane’s brewery is fixed in the short run because
increasing it would require investments in further tanks, which she cannot do
immediately. However, she can make such investments in the long run. |