Corto Plazo vs Largo Plazo

"Corto plazo" (short-term) and "largo plazo" (long-term) refer to different time horizons in planning and decision-making. Short-term typically covers days to a few months, focusing on immediate needs, quick results, or current obligations, like monthly budget management or short-term investments. Long-term spans several years or more, emphasizing strategic goals, sustained growth, and future stability, such as retirement planning or business expansion. Recognizing these periods helps in setting appropriate strategies, balancing immediate performance with future objectives effectively.