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The boiling of water is a
Product Life Cycle
The stages through which a product goes from its introduction to the market, growth, maturity, and eventually decline.
Network Effects
The phenomenon whereby a service becomes more valuable as more people use it, thereby encouraging even more users to join.
Capital Requirements
The total amount of capital needed for a business to carry out its operations, including costs for assets, staffing, and day-to-day expenses.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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