|
|
Learning curve |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Learning curveA relationship representing either average cost or average product as a function of the accumulated output produced. Usually reflecting learning by doing, the learning curve shows cost falling, or average product rising.Similar MatchesDistance learningDistance learningComputer-based learning in which students use the Internet to learn independently, participate in a "virtual classroom", and/or communicate with the instructor via email. Learning by doingLearning by doingRefers to the improvement in technology that takes place in some industries, early in their history, as they learn by experience so that average cost falls as accumulated output rises. See infant industry protection, dynamic economies of scale. |
|
|
|