Share This Article:

Economic Definition of production time periods. Defined.

Offline Version: PDF

Term production time periods Definition: Alternative time periods used to differentiate between variable inputs and fixed inputs that are key to the analysis of short-run production and long-run production by a firm. The two primary time periods are short run and long run. Two secondary periods are very short run (market period) and very long run. Time periods are specified based on the number of inputs that are fixed or variable.


« production stages | profit »


Alphabetical Reference to Over 2,000 Economic Terms