Learning curve economies

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	It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner.		It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner.
	At the same time tools and capital goods that are required in the process are optimized producing additional economies.		At the same time tools and capital goods that are required in the process are optimized producing additional economies.
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Revision as of 00:41, 27 January 2011

Learning curve economies refers to the general effect that the more times a process is repeated, the less labor time that is involved. It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner. At the same time tools and capital goods that are required in the process are optimized producing additional economies.