as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
explain what exponential growth means.
user
exponential growth is a pattern of growth that occurs when a quantity increases at a rate that is proportional to its current value. in other words, it is a growth at a constant rate, with each amount of time resulting in an increase that is a multiple of the previous amount. as a result, exponential growth is rapid and can quickly lead to a large increase in the size of a quantity over a short amount of time.
assistant