Examlex
The prime rate is the rate banks charge all but their largest customers, who can negotiate a sub-prime rate.
Network Externality
A situation where the value of a product or service increases as more people use it.
Intrinsic Value
The inherent or fundamental worth of something, not influenced by external factors or market conditions.
Extrinsic Value
The portion of an item's worth that is not inherent to the item itself but is attributed by external factors or circumstances.
Snob Effects
The phenomenon where the demand for a certain good increases as its price increases, because it is perceived as a status symbol.
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