network effect
Hello, you have come here looking for the meaning of the word network effect. In DICTIOUS you will not only get to know all the dictionary meanings for the word network effect, but we will also tell you about its etymology, its characteristics and you will know how to say network effect in singular and plural. Everything you need to know about the word network effect you have here. The definition of the word network effect will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofnetwork effect, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
network effect (plural network effects)
- (economics) The higher growth rate of businesses with higher market share in those segments of economy in which the value of a product or service depends on the compounding effects of the number of existing users of the product or a service, as is the case with telephone networks.
- 2014, Astra Taylor, chapter 4, in The People's Platform: Taking Back Power and Culture in the Digital Age, Henry Holt and Company, →ISBN:
- Aided by preferential attachment and network effects (the phenomenon of a good or service becoming more valuable the more people who use it), a handful of winners emerge, overshadowing other available options.
Translations
higher growth rate
|