In production theory, the short run is a period?

پیداوار کے نظریہ میں، مختصر مدت ایک مدت ہے؟

Generally less than three years

Sufficient to adopt new technology

During which at least one resource is fixed

When only labour can be varied

In production theory, the short run is a period during which at least one resource is fixed.
This means that there are constraints on adjusting all inputs to production.
For example, in the short run, a firm may not be able to change its capital equipment or the size of its factory.
However, it can adjust variable inputs such as labor.