learning by doing
Definition
Refers to the improvement in technology that takes place in some industries, early in their history, as they learn by experience, so that average cost falls as accumulated output rises. See infant industry protection, dynamic economies of scale.
Recommended Articles from InvestorGuide.com
Investing Tips
Learning - Portfolio Management For The Under-30 CrowdYour portfolio isn't just for making money - at this stage in your life, it's also an educational tool. Believe it or not, a classroom isn't the best way to learn about the principles of investing. Of ... Read more
Related Videos
Featured Advertiser
