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Learning Curve (Economics) - Explained

What is the Learning Curve?

Written by Jason Gordon

Updated at March 27th, 2023

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What is the Learning Curve?

A learning curve regards the rate of acquisition of knowledge or ability such that performance (such as productive output or lower costs) are achieved. 

A steep curve means that knowledge or ability must be acquired in a short period of time; whereas, a flat learning curve means that knowledge or ability might be acquired gradually. 

Back to:ECONOMIC ANALYSIS & MONETARY POLICY

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