Long run (长期 cháng qī) refers to a relatively long period of time in which all factors of production and costs are flexible and firms are earning zero economic profits. Also see: short run.
- 长 (cháng) as in length (长度 chángdù).
- 期 (qī) as in date (日期 rìqī) or deadline (期限 qīxiàn).
Long run (长期 cháng qī) as in:
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- Long-run growth (长期增长 cháng qī zēngzhǎng).
- Long-run returns (长期回报 cháng qī huíbào).