Learning curve economies

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	'''Learning curve economies''' refers to the general effect that the more times a process is repeated, the less labor time that is involved.		'''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.		It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner.
-	At the same time tolls 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 00:37, 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.