What did Moore's Law explain?

Moore's Law states that the number of transistors on a microchip doubles about every two years, though the cost of computers is halved. In 1965, Gordon E. Moore, the co-founder of Intel, made this observation that became Moore's Law.

Moore's Law states that the number of transistors on a microchip doubles about every two years, though the cost of computers is halved. In 1965, Gordon E. Moore, the co-founder of Intel, made this observation that became Moore's Law