Building A Network: Network Externality (1 of 3)

Building a Network by NISA Nation Staff   Part One: Network Externality net·work ef·fect noun – a phenomenon whereby a product or service gains additional value as more people use it. Also known as network externality, the theoretical framework of the network effect prescribes that for every additional user of a good or service, other users experience an increase in the value of the product or service. To put it another way, there is a ...

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