Long term
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[edit] In economics
Long term, in economics, is the period of time required for economic agents to reallocate resources, and generally reestablish equilibrium.
The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.
According to John Maynard Keynes, "In the long term, we're all dead."
[edit] In finance
For financial operations (borrowing, investing...), what is considered
- long term is usually above 7 years,
- medium term is usually between 2 and 7 years,
- short term is usually under 2 years.
- See also: Finance#Sources of capital
[edit] See also
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