The short run in economics refers to a period when at least one factor of production remains fixed, limiting a business’s ability to fully adjust to changes in demand or costs. For example, a factory ...
Zeitschrift für die gesamte Staatswissenschaft / Journal of Institutional and Theoretical Economics, Bd. 124, H. 1. (Februar 1968), pp. 70-90 (21 pages) Part I of this study deals with the Latané-type ...
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