Learning curve

Updated: Aug 20, 2021

A relationship between the duration of learning and the amount of accumulated knowledge or skills, or between experience and efficiency. The learning curve effect states that as a task is performed more and more often the cost of doing this task falls.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.