A network effect is a phenomena that occurs in economics and in which the value or utility that a user obtains from a product or service is dependent on the number of users of products that are compatible with the product or service. Users are able to derive an increasing amount of value from a product because to network effects, which are often positive feedback systems. As more users join the same network, the value of the product increases. There are two impacts that may be attributed to the adoption of a product by an extra user: the first is an increase in the value of the product to all of the other users, and the second is an enhancement of the motivation for other people who do not use the product to use it.
How you will benefit
(I) Insights, and validations about the following topics:
(II) Answering the public top questions about network effect.
(III) Real world examples for the usage of network effect in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Network Effect.