network effect

noun

Meaning

The higher growth rate of businesses with higher market share in those segments of economy in which the value of a product or service depends on the compounding effects of the number of existing users of the product or a service, as is the case with telephone networks.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

home market effect(English)experience effect(English)diseconomies of scale(English)snob effect(English)economies of scale(English)economic growth(English)market power(English)organic growth(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data

network effect — meaning and etymology | WikiWord