Describe the Features of Markets for Network Goods

question 22

Essay

Describe the features of markets for network goods.

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Definitions:

Microsociology

The subfield of sociology that focuses on the interactions and social relations among individuals at a small-scale, everyday level.

Unintended Consequences

Outcomes that are not the ones foreseen or intended by a purposeful action, often contrary to the original intentions.

Latent Functions

are the unintended or unrecognized consequences of social processes or structures.

Symbolic Interactionists

Scholars and thinkers who study how people use symbols to create meaning, communicate, and develop their views of the world and themselves.