long run



  • noun the period of time which in theory is long enough for everything to be varied, in particular the factors of production.

Health Economics

  • (written as Long Run)
    A theoretical idea that has to do with the speed with which factors of production can be adjusted. The 'long run' is a context (rather than a particular time period to which the literal-minded might be attracted) in which all factors are treated as variable.


  • noun a print run which is longer than normal