The 'Chicken-and-Egg Problem' refers to a situation where it is difficult to determine what causes what, as each element is dependent on the other. This paradox is commonly used to describe scenarios in economics, technology, and other fields where a circular dependency exists, making it challenging to initiate progress.
Two-sided platforms are business models that facilitate interactions between two distinct user groups, typically consumers and producers, creating value primarily through network effects. They thrive by balancing the interests of both sides, often subsidizing one side to attract the other, thereby enhancing the overall platform's value and competitiveness.