Definitions for "Learning Curve"
A curve in which some index of learning (e.g., the number of drops of saliva in Pavlov's classical conditioning experiment) is plotted against trials or sessions.
A technological regularity observed in many leading-edge industries, in which the marginal cost of production tends to fall as output increases, due to firms' growing experience with innovative processes (sometimes called "learning by doing"). Because of the learning curve, substantial economies of scale are characteristics of high- technology industries --in which competitive advantages accrue to firms that are among the first to enter a promising new area --constituting a major premise for various countries' technology policy.
A planning technique calculation based on the premise that workers are able to produce any new product more quickly after they get used to making it.
Keywords:  equipment, purpose, specific
specific-purpose equipment