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Reference.org
Experience curve effects
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<p>In <a href="/facts/Private_industry/fQudW9hp">industry</a>, models of the learning or experience curve effect express the relationship between experience producing a <a href="/facts/Goods/AtK6gQh2">good</a> and the <a href="/facts/X-efficiency/mYbqHqsa">efficiency</a> of that production, specifically, efficiency gains that follow investment in the effort. The effect has large implications for costs and market share, which can increase competitive advantage over time. </p>