experience effect

noun

The idea that production costs decrease by a constant percentage whenever production doubles, attributed to improvements in performance as a result of frequent repetition.

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Meanings

nounexperience effect (plural experience effects)

plural experience effects

  1. businessThe idea that production costs decrease by a constant percentage whenever production doubles, attributed to improvements in performance as a result of frequent repetition.
Cite this entry
APA

experience effect. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/experience%20effect

MLA

“experience effect.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/experience%20effect. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “experience effect,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/experience%20effect.

Source: experience effect on Wiktionary, CC BY-SA 4.0.