== 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."
== 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
★
time horizon