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ECONOMIC FEATURES OF THE NOWADAYS NETWORK

Journal: Journal of Research on Trade, Management and Economic Development (JRTMED) (Vol.2, No. 1)

Publication Date:

Authors : ;

Page : 103-110

Keywords : network effects; financial systems; network approach; internet added value;

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Abstract

Abstract The people we interact with on a regular basis, and even some we interact with only sporadically, influence our beliefs, decisions and behaviors. Examples of the outcomes of the social networks on the economic activity are abundant and pervasive, and they include roles in transmitting information about jobs, new products, technologies, and political opinions. In this paper the author aim to present terms and basic notions of economics of networks: the added value created by the Internet, economic concepts associated to the Internet (network effects, economies of scale, principle „Winner take all”, internet influence on the phenomenon of „Winner takes all”). These are to be presented as to understand what is a network good.

Last modified: 2015-10-07 06:31:35