short run

short run definition - business

short run

A period of time during which businesses can increase production with existing capacity, but not increase capacity. For example, an automobile manufacturer can increase production in its current facilities, but does not have adequate time to add new facilities.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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