Phrases with «network effects»

The phrase "network effects" refers to the idea that a product or service becomes more valuable when more people use it. In other words, the more users are connected to a network, the better it becomes for everyone involved. It is like a snowball effect, where the more people join, the more benefits and advantages are available for everyone. Full definition

Sentences with «network effects»

And it has one of the strongest network effects in place of any company in existence. (charlessizemore.com)
When a given product or service has strong network effects, what usually happens is that one company takes all the market, because its product grows more useful the more people use it. (businessinsider.com)
This increases consumer confidence and builds network effects by driving more transactions and engagement on the platform. (lexicata.com)
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Phrases with «network effects»

Sentences with «network effects»

See also