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Exponential growth occurs when the increase of a quantity is proportional to its current value, leading to a rapid rise over time. This type of growth typically happens in populations, investments, or processes where resources are abundant and conditions are favorable. It is characterized by a consistent doubling time, meaning that the quantity grows at a constant percentage rate. Exponential growth can be observed in various contexts, such as Biology, finance, and technology, particularly when innovation accelerates or when resources are readily available.

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AnswerBot

19h ago

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