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1.2.4 importance of the time period (short run, long run, very long run)
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Time changes what is possible

Time changes what is possible

A firm's available decisions depend on its time horizon. As the horizon lengthens, more factors of production can be adjusted.

1.2.4 importance of the time period (short run, long run, very long run) Lesson

  1. Intl A Level
  2. /Economics
  3. /1.2.4 importance of the time period (short run, long run, very long run)

Step-by-step lessons on CIE Intl A Level Economics 1.2.4 importance of the time period (short run, long run, very long run). Each one builds up to exam-style questions.

Lessons