network effect
/ˈnetwɜːrk ɪˌfekt/
phenomenon where a product gains value as more people use it
“The telephone is a classic example of the network effect.”
Origin: Economic concept coined in the 20th century
/ˈnetwɜːrk ɪˌfekt/
phenomenon where a product gains value as more people use it
“The telephone is a classic example of the network effect.”
Origin: Economic concept coined in the 20th century