Economy, asked by naqvinaqvisaqlain, 1 month ago

in the theory of production the short run describe?​

Answers

Answered by nehabhosale454
35

Answer:

The Short-Run is the period in which at least one factor of production is considered fixed. Usually, capital is considered constant in the short-run. In the Long-Run, all factors of production are variable, while in the very long-run all factors of production are variable and research and development is possible.

Answered by saimsunder24
0

Answer:

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