A period in which at least some factors of production are unchangeable defines

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The period in which at least some factors of production are unchangeable defines the short run. The long run refers to a period of time in which all factors of production can be changed, while the medium run and two years or less are not widely recognized economic terms. One year or less may be considered a short period, but it does not encompass the specific requirement of some factors being unchangeable.

A Period in Which at Least Some Factors of Production