Meaning of the word "long run" in English

What does "long run" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

long run

US /ˈlɔŋ ˌrʌn/
UK /ˈlɒŋ ˌrʌn/

Idiom

the distant future; a long period of time

Example:
It might be difficult now, but it will pay off in the long run.
We need to consider the consequences in the long run.