costs fall as production grows (Wright's Law)
Costs decline by a fixed percentage for every cumulative doubling of units produced.
This is the consequence of expertise accumulation of the “learning by doing”.
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contradicts →The financial world is not governed by natural laws but rather by human laws.Wright law is an engineering empirical law regarding production learning-by-doing innovative cycles while financial laws relates to the subconscious human behaviour.
← has exampleNumber of transistors doubles every 18 months.
Moore's law is an example of Wright's law where experience/cumulated production is substituted by time.