How Is Internet Technology Useful from a Network Economics Perspective

question 59

Essay

How is Internet technology useful from a network economics perspective? Give examples.

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Definitions:

Collectivistic Cultures

Societies that prioritize group goals over individual achievements and emphasize the importance of cohesion and interdependence.

Individualistic Cultures

Cultures that emphasize the goals, needs, and views of the individual over those of the group.

Authority Ranking

A form of social hierarchy where individuals are ranked in a linear order, with each person's status determined by their position in the hierarchy.

Equality Matching

A type of social relation and fairness concept where individuals expect to receive benefits proportional to what they contribute.