"Long-term" refers to a duration that extends over an extended period, typically beyond one year. It is often used in various contexts, such as finance, planning, and personal goals. For example, in investing, long-term strategies focus on growth over several years rather than quick profits. In personal development, long-term goals might include achieving a degree or saving for retirement. These goals require consistent effort and patience, as the results are not immediate. Understanding the concept of long-term helps individuals and organizations make informed decisions that align with their future aspirations.