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Imagine some cosmic catastrophe jolts Earth so that its axis is perpendicular to the orbital plane between Earth and the sun. The most obvious effect of this change would be
Short Run
A period in economics during which at least one factor of production is fixed, constraining the firm's capacity to adjust to changes in demand or supply.
Declines
A decrease in value, amount, or quality over a certain period.
Fixed Costs
Costs that do not vary with the level of output in the short term, such as rent, salaries, and equipment leases.
Sporting Goods
Products and equipment designed for participation in physical fitness and sports activities.
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