Examlex
Although suburban communities were segregated in the 1950s, today, communities such as Levittown on Long Island are completely racially integrated.
Bushels
A unit of volume that is used primarily in the United States for measuring agricultural commodities such as grains.
Long Run
An economic phase where all production elements and expenses can adjust completely, adapting to changes due to their variable nature.
Variable Inputs
Production factors that can be adjusted in the short term to change the level of output, such as labor and raw materials.
Short Run
A period of time in which at least one input in the production process is fixed, influencing decisions made by firms about production levels.
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