Network externalities
18 نوفمبر 2021 2021-11-15 1:31Network externalities
Give an example of how you personally benefit from network externalities in your daily life
Network externalities refer to increasing the value of a network to its users as additional users are connected. For example, electronic mail is more useful when it can reach millions of people worldwide than when it is used to send messages to a few people
Communication has become easier and you can communicate with many people in a short time in your day, such as the phone and mails
mobile network is an example where this concept applies. The more users a mobile service provider has the higher its value
We make great use of the Internet in our daily lives through research, shopping and everything, and it is also covered by all private sectors and business .institutions
Reaching higher number of people in a short term in an easy way
