For example, some inexpensive mowers are designed to have a service life of 200 or fewer hours while pricier mowers typically are designed to last 500 or more hours. Therefore, a lawnmowerâs life expectancy can be based on how often and how long it is used.
exponential growth. Increase in number or size, at a constantly growing rate. It is one possible result of a reinforcing feedback loop that makes a population or system grow (escalate) by increasingly higher amounts. Compound interest is an example of exponential growth. Use 'exponential growth' in a Sentence.
How do we prepare for a future tracking to exponential trends, if we arenât accustomed to thinking this way? Letâs start with the basics of exponential growth. What is exponential growth? Unlike linear growth, which results from repeatedly adding a constant, exponential growth is the repeated multiplication of a constant. This is why linear growth produces a stable straight line over time, but exponential growth skyrockets. Hereâs another way to think about it: imagine you are going to walk down a road taking steps a meter in length. You take 6 steps, and youâve progressed six meters (1, 2, 3, 4, 5, 6).