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.
Network effect A network effect (also called network externality or demand-side economies of scale) is the effect described in economics and business that one user of a good or service has on the value of that product to others. When a network effect is present, the value of a product or service is dependent on the number of others using it.