Network economics refers to business economics that benefit from the network effect, examples are website such as which multinational e-commerce corporation, facilitating online consumer-to-consumer and business-to-consumer sales?
Network economics Network economics refers to business economics that benefit from the network effect. It is also known as Netromix. This is when the value of a good or service increases when others buy the same good or service. Examples are website such as EBay, or iVillage where the community comes together and shares thoughts to help the website become a better business organization.
Product ecosystem theory Product ecosystem theory is an emerging theory that describes how the design of manufactured products evolves over time and draws parallels with how species evolve within a natural ecosystem. Fundamental to this theory is that manufactured product lines respond to external threats and opportunities in much the same way that species respond to threats and opportunities. Competition and other environmental pressures may cause a species to become extinct. An example of the parallel in consumer products is the way in which the typewriter became displaced (or extinct) due to pressures from the personal computer.