Economists In The House Please Come In - Education - Nairaland
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| Economists In The House Please Come In by IkennaBasilJR(m): 2:14pm On Feb 27, 2016 |
when reading I always see LONG RUN AND SHORT RUN. I don't know what they mean, Pls your views re highly appreciated. thanks in anticipation |
| Re: Economists In The House Please Come In by slowice(m): 2:46pm On Feb 27, 2016 |
Jx like people say short term n long term....its self xplanatory.....it is used to describe d effect a tin ll ve "not too long" frm wen it became effective(shortrun) n after a long time it being effective(longrun)....my best layman's explanation.  |
| Re: Economists In The House Please Come In by topstar80(m): 3:43pm On Feb 27, 2016 |
the short run is a period when at least one of the factors of production is fixed while others are variable... long run is period when all factors of production are variable...its in this period u see economies of scale etc... |
| Re: Economists In The House Please Come In by IkennaBasilJR(m): 8:57pm On Feb 27, 2016 |
topstar80:Thanks bro I now understand |
| Re: Economists In The House Please Come In by IkennaBasilJR(m): 8:57pm On Feb 27, 2016 |
slowice:Thanks man |
| Re: Economists In The House Please Come In by topstar80(m): 10:55pm On Feb 27, 2016 |
IkennaBasilJR:uwc |
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