Describe the Term "Network Effects" and Give Two Instances Where

question 86

Essay

Describe the term "network effects" and give two instances where network effects are important to business.

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Definitions:

Antagonist

in pharmacology, a substance that acts against and blocks an action. In literature, a character or force in conflict with the main character.

Neurotransmitter

Chemical messengers in the brain and body that transmit signals from one nerve cell to another.

Peripheral Nerves

Nerves located outside the brain and spinal cord, which connect the central nervous system to limbs and organs.

CNS

Central Nervous System; it comprises the brain and spinal cord, acting as the primary processing center for the entire nervous system.