The phrase "compound effect" refers to how small actions or choices, when repeated over time, can have a big impact and results can keep growing. It's like a snowball effect where small steps add up to create larger outcomes. Full definition
The levy has caused an increase in petroleum prices by up to 27 % compounding the effects of recent increases in utility tariffs. (ghanapoliticsonline.com)
Growth schemes are recommended for investors looking to make the most out of compounding effect on a long - term investment. (elementummoney.com)
But a basic mental calculation would tell you that even after accounting for compounding effects, it's going to take too long a time. (thelittlesnowball.com)