Browse the glossary using this index

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

Page:  1  2  (Next)
  ALL

S

short run

Short 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.



Page:  1  2  (Next)
  ALL