If we call *x* this quantity, the rate of change *dx/dt* obeys by definition the differential equation:

The phrase *exponential growth* is also a misnomer used by persons unaware of quantitative matters to mean merely surprisingly fast growth. In fact, a population can grow exponentially but at a very slow rate (as the fission process in a nuclear power plant), and can grow surprisingly fast without growing exponentially.

In the long run, exponential growth of any kind will however overtake linear growth of any kind (the basis of the Malthusian catastrophe) as well as any polynomial growth, i.e., for all α:

- Investing. The effect of compound interest over many years has a substantial effect on savings and a person's ability to retire.
- Biology.
- Bacteria in a culture dish will grow exponentially until the available food is exhausted.
- A new virus (SARS, West Nile, smallpox) will spread exponentially. Each infected person can infect multiple new people.
- Human population.

- An atomic bomb. Each uranium atom that undergoes fission produces neutrons, which in turn split more uranium atoms. If the mass of uranium is sufficent, the number of neutrons increases exponentially.
- A nuclear power plant. Same as above but this time the fission process (also called
*divergence of the reactor*) is controlled so that the growth, while exponential, is very slow. - Processing power of computers. See also Moore's Law.