Temporality
The concepts of temporality vary according to sciences.
The short term, for example, will not correspond to the same scale of time in archeology and data processing.
In economy
The short term represents durations of a few days on the Financial markets. This concept, for the Ready and the Economic policies can go up to one year.
The medium term generally lasts between 3 and 5 years (loans, etc).
The long run is an economic concept which refers to the stable condition of the economy: the economic activity is subjected permanently by disturbances which draw aside the economic variables their values of balance. However, at ends of economic Modeling, one considers that the various economic variables are equal on the long run to their levels of balance. Actually, the economic variables in the future will be always subjected to disturbances, but on average they will be equal to their level of long run.
The long run corresponds to durations higher than 5 or 10 years (one speaks sometimes about loans with very long run for lifes of loan higher than 20 years).
Other fields
August 1st
See too
| Random links: | Law of Charles | Piélos | The duck Nozzle | Henry James Morgan | Vergonha | Telmisartan |