Cost savings that come from learning by doing is referred to as:

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Learning by doing leads to increased efficiency and productivity, which in turn leads to lower production costs, also known as learning effects. Economies of scale refer to the reduction in average cost that arises when production is increased or the firm operates on a larger scale. First-mover advantage refers to the competitive advantage gained by the initial significant occupant of a market segment. Factor endowments refer to the quantity and quality of labor, land, and natural resources that a country possesses. Late-mover advantage refers to the benefits that an entrant into a market may achieve by waiting and observing before entering the market.

Cost Savings That Come from Learning by Doing Is Referred