learning curve

learning curve
/'lɜ:nɪŋ kɜ:v/ noun
1. a process of learning something that starts slowly and then becomes faster
2. a line on a graph which shows the relationship between experience in doing something and competence at carrying it out
3. a diagram or graph that represents the way in which people gain knowledge or experience over time
(NOTE: A steep learning curve represents a situation where people learn a great deal in a short time; a shallow curve represents a slower learning process. The curve eventually levels out, representing the time when the knowledge gained is being consolidated.)
4. the decrease in the effort required to produce each single item when the total number of items produced is doubled
(NOTE: The concept of the learning curve has its origin in productivity research in the aircraft industry of the 1930s, when it was discovered that the time and effort needed to assemble an aircraft decreased by 20% each time the total number produced doubled.)

Dictionary of banking and finance. 2015.

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  • learning curve — n. 1. the time required to learn certain information, acquire certain skills, etc. 2. the rate of progress in such learning represented on or as if represented on a graph …   English World dictionary

  • learning curve — ► NOUN ▪ the rate of a person s progress in gaining experience or new skills …   English terms dictionary

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  • Learning Curve — A concept that describes how new skills or knowledge can be quickly acquired initially, but subsequent learning becomes much slower. At first, a minimal investment of resources yields significant results, but the payback from continuing effort is …   Investment dictionary

  • learning curve — UK / US noun [countable] Word forms learning curve : singular learning curve plural learning curves the rate at which you learn something a steep learning curve (= when you have to learn something complicated in a very short time) …   English dictionary

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