experience curve

noun [C] (also learning curve) PRODUCTION, HR

Definition

› the rate at which costs go down as workers become better at their jobs, methods improve, etc.: It is also worth bearing in mind that the experience curve does not apply only to single products.

(Definition of experience curve noun from the Cambridge Business English Dictionary © Cambridge University Press)

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expense ratio noun
expense verb
expenses claim noun
expensive adjective
expensively adverb
experience curve noun
experience economy noun
experience noun
experience verb
experienced adjective
experiential adjective

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