network effect en · NOUN
Meanings
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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.
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.
2014, Astra Taylor, chapter 4, in The People's Platform: Taking Back Power and Culture in the Digital Age, Henry Holt and Company, →ISBN:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| network effects | Number=Plur | lexicographic |
Translations (7)
cmn 網絡效應 /网络效应 (higher growth rate) · sv nätverkseffekt (higher growth rate) · fi verkostovaikutus (higher growth rate) · ja ネットワーク外部性 (higher growth rate) · de Netzwerkeffekt (higher growth rate) · fr effet de réseau (higher growth rate) · ko 네트워크 효과 (higher growth rate)