Whilst there can be slight variations between the exact structure and type of study between the various scientific disciplines, there are certain key scientific elements that all must possess to some degree.
Long-Term Growth - LTG. What does 'Long-Term Growth - LTG' mean. Long-term growth (LTG) is an investing strategy or concept where a security will appreciate in value for a relatively long period of time, whether or not the growth is initiated immediately or later on.
In economics the short run and the long run are not defined by an arbitrary amount of time. Instead the short run is the period when at least one factor of production is fixed and cannot be changed. Similarly the long run period is the period when all factors of production are variable. Having said that, the law of diminishing returns arises in the short run because of the at least one fixed factors of production. In the short run the size of a factory, the number of PC's in a office, the area on a agricultural field and so on are fixed.