Geocentric model coelestium" ("On the Revolutions of the Heavenly Spheres"), which posited that the Earth and the other planets instead revolved around the Sun. The geocentric system was still held for many years afterwards, as at the time the Copernican system did not offer better predictions than the geocentric system, and it posed problems for both natural philosophy and scripture. The Copernican system was no more accurate than Ptolemy's system, because it still used circular orbits. This was not altered until Johannes Kepler postulated that they were elliptical (Kepler's first law of planetary motion). With the invention of the telescope in 1609,
Term (time) the four-year presidential term, there are also academic midterm exams. In economics, it is the period 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. In finance or financial operations of borrowing and investing, what is considered "long-term" is usually above 3 years, with "medium-term" usually between 1 and 3 years and "short-term" usually under 1 year. It is also used in some countries to indicate a fixed term investment such as