New Course
Concept
Network Effects
Summary
Network effects
occur when the
value of a product
or service increases as more people use it, creating a
positive feedback loop
that can lead to
rapid adoption
and
market dominance
. This phenomenon is crucial in
platforms and technologies
, where
user growth
can exponentially enhance utility and create
competitive advantages
.
Relevant Degrees
Computer Science and Data Processing 63%
Economic Theory and Concepts 38%
Generate Assignment Link
Lessons
Concepts
Suggested Topics
Foundational Courses
Your Lessons
Your lessons will appear here when you're logged in.
Log In
Sign up
3