Exponential growth
Exponential growth refers to an increase that occurs at a consistent rate over time, leading to rapid escalation. This means that as something grows, it not only increases by a fixed amount but rather multiplies itself. For example, if a population doubles each year, the growth accelerates—100 becomes 200, then 400, 800, and so on. This concept applies to various areas, such as technology adoption, finance, and even the spread of diseases. Understanding exponential growth helps us recognize how quickly changes can occur when conditions are favorable, leading to significant impacts in a short period.
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Exponential growth refers to a process where a quantity increases at a rate proportional to its current value, resulting in growth that accelerates over time. For example, if a population doubles every year, it doesn't just add a fixed number of new individuals; it constantly adds more and more as the original group grows larger. This type of growth can lead to dramatic increases in a short period, making it important in contexts like population dynamics, finance (interest compounding), and technology adoption. Understanding exponential growth helps us recognize potential challenges and opportunities in various fields.