Learning Curve
Learning Curve measures the relation between increases in per
worker productivity (leading to decrease in per unit labor cost at
fixed prices) associated with an improvement in labor skills from
on the job experience. In other words, Learning Effect leads to
fall in the cost of production per unit because with the increased
involvement in the production process Labor and Managers become
more and more familiar with the production process. This leads to
improvement in their efficiency level.
So it is involved with one input-labor
Experience Curve
Production phenomenon where unit costs decline as volume
increases. This result from a wide variety of factors including
lower fixed costs per unit, an increase in skills associated with
quantity production, and generally lower material costs. This is
involved all the inputs.
Actually Learning curve impact is also part of Experience Curve.
So in simple, Learning curve is a Narrow concept while Experience
curve is a broader concept