verkostovaikutuksiin
Verkostovaikutuksiin, a Finnish term, translates to "network effects" in English. This economic phenomenon occurs when the value of a good or service increases for a user as more people use it. In essence, the more users a network has, the more attractive it becomes to potential new users. This can create a positive feedback loop, leading to rapid growth and market dominance for successful platforms.
Network effects are a key driver in many industries, particularly those involving technology and communication. Examples
The strength of network effects can vary. Direct network effects occur when the value of a service