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A Learning Curve Is a Function That Measures How Labor-Hours

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A learning curve is a function that measures how labor-hours per unit decrease, as units of production decrease.


Definitions:

Relative Advantage

The degree to which an innovation is perceived as better than the idea it supersedes.

Diffusion

The process through which an innovation is communicated over time among the participants in a social system.

Innovation

The act of inventing, evolving, and applying novel concepts, goods, or techniques to enhance or substitute the current ones.

Observability

The degree to which the results of an innovation or change can be seen and understood by others.

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