Production Doubles, Costs Halve

Wright's Law identifies a consistent pattern of cost reduction linked to production increases, originally observed in airplane manufacturing where costs dropped by 20% with each doubling of cumulative production. This principle has since been observed across various technologies, including solar photovoltaic cells, where costs can decrease by even up to 25% with production doubling. While it may seem distinct from Moore's Law, the same exponential growth in production leads to comparable outcomes in cost reductions, making both principles relevant and applicable across different sectors and technologies.