Which of the following is a term economists use to explain why specific industries can become more efficient over time?

Question

Quizplus · Accepted Answer

Economists refer to the concept of "learning by doing" to explain why specific industries can become more efficient over time. This means that the more a company produces a good, the better they become at producing it, thus lowering their costs and improving their efficiency.

Which of the Following Is a Term Economists Use to Explain