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Explain the Significance of a Downward-Sloping Experience Curve

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Explain the significance of a downward-sloping experience curve.


Definitions:

3D Printing

A manufacturing process that creates physical objects from digital designs by layering materials.

Wikihouse

An open-source project that allows users to design, download, and build their own homes to democratize architecture.

Bootstrapping

A self-funding strategy where entrepreneurs start and grow their businesses using personal finances or revenues generated by the business instead of seeking external investment.

Crowdsourcing

The practice of engaging a 'crowd' or group for a common goal — often innovation, problem-solving, or efficiency.

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