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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