Short-run analysis in economics focuses on the immediate effects of changes in market conditions, such as shifts in demand or supply. It examines how firms adjust their production levels and pricing strategies in response to these changes, while some factors, like capital and technology, remain fixed. This analysis helps businesses understand their short-term profitability and operational efficiency. In the short run, firms may experience varying costs, including fixed costs and variable costs. Understanding these costs allows businesses to make informed decisions about production levels and pricing. Short-run analysis is crucial for strategic planning and helps firms navigate fluctuations in the market effectively.