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