The word 'exponential' is used mostly in mathematics and it is a kind of expression that is used to write a large number in short form. The following examples can make things clear: 2³ and 4². Both these expressions are another form of writing eight and sixteen respectively.
Sometimes the word finds its use in other styles also and it describes the faster rate of increase of something. Exponential growth of something is a very rapid growth and is mostly used to describe the financial growth of a company. These days with the advent of information technology based companies the word is often heard in the financial broadsheets the world over and whenever you turn the pages of such papers the chance is that you will find the word in use very often.
Sometimes the word finds its use in other styles also and it describes the faster rate of increase of something. Exponential growth of something is a very rapid growth and is mostly used to describe the financial growth of a company. These days with the advent of information technology based companies the word is often heard in the financial broadsheets the world over and whenever you turn the pages of such papers the chance is that you will find the word in use very often.