Meaning of “experience curve” in the English Dictionary

business-english dictionary

"experience curve" in Business English

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experience curvenoun [ C ]

uk us also learning curve PRODUCTION, HR

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” from the Cambridge Business English Dictionary © Cambridge University Press)