Learning Curve (Economics) - Explained
What is the Learning Curve?
Written by J. Mance Gordon
Updated at April 23rd, 2024
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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.
Related Topics
- Law of Diminishing Marginal Returns
- Marginal Analysis
- Short Run
- Long-Run Average Cost (LRAC)
- Long-Run Average Supply (LRAS)
- Economies of Scope
- Economies of Scale
- Diseconomies of Scale
- Minimum Efficient Scale
- Tournament Theory
- Marginal Revenue Product
- Derived Demand
- Marginal Input Cost
- Economic Rent
- Productivity and Learning Curve
- Experience Curve
- Acceleration Principle
Other Related Topics
- Rule of Law relate to Economic Growth
- Labor Productivity
- Productivity and Learning Curve
- Experience Curve
- Acceleration Principle
- Aggregate Production Function
- How to Measure Productivity
- What is the Effect of Sustained Economic Growth?
- How are compound growth rates and compound interest rates related?
- Compound Growth Rate
- Solow Growth Model
- What are the Components of Economic Growth?
- Porter's Diamond
- Physical Capital
- Human Capital
- Infrastructure
- Staple Thesis
- Resource Curse
- Capital Deepening
- What are Growth Accounting Studies?
- What is a Healthy Climate for Economic Growth?
- Economic Convergence
- Emerging Market Economy
- BRIC Countries
- Growth Consensus
- Economic Conditions
- Leading Economic Indicators
- KOF Economic Barometer
- CEO Confidence Survey
- NAB Business Confidence Index