Question

which describes the network effect​

Answer 1

Answer:

• The network effect is a peculiarity or a phenomenon by which expanded quantities of individuals or members work on the worth of a good or service.

• Web based business destinations or e-commerce websites, like Etsy and eBay, filled in fame by getting to online networks, drawing in shoppers to their products.

• A few organizations can't accomplish minimum amount — the quantity of clients required for the organization impact to grab hold — even with admittance to on the web and disconnected networks.

• Congestion is a negative organization / network impact by which such a large number of clients can dial an organization back, lessening its utility and disappointing network individuals.

• Virtual (social media) entertainment (Facebook, Twitter) are instances of the network effect.

Answer 2

Answer:

A platform becomes more useful as more people join and use it  describes the network effect​.

Explanation:

The Network Effect is a phenomenon in which current users of a product or service benefit in some way when additional users adopt the product or service. When multiple users add value to their use of the product, this effect is created. The Internet is the most prominent and well-known example of a network effect. The Internet is a network of networks through which people can connect. The network effect occurs when a new user joins an existing network, increasing the value for all current users. A platform becomes more useful as more people join and use it  describes the network effect​.