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In economics, a network effect (also called network externality or demand-side economies of scale) is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products. Network effects are typically positive feedback systems, resulting in users deriving more and more value ...
It became a viral phenomenon from the period between December 2018 and the COVID-19 pandemic. [ 1 ] Beanie Babies – Cited as being the world's first Internet sensation in 1995. [ 2 ] Cerveza Cristal – A Chilean beer company that produced a series of advertisements during a Star Wars original trilogy broadcast in 2003.
Metcalfe's law. Two telephones can make only one connection, five can make 10 connections, and twelve can make 66 connections. Metcalfe's law states that the financial value or influence of a telecommunications network is proportional to the square of the number of connected users of the system (n 2). The law is named after Robert Metcalfe and ...
Inductance — The phenomenon whereby the property of a circuit by which energy is stored in the form of an electromagnetic field. Induction heating — Heat produced in a conductor when eddy currents pass through it. Joule heating — Heat produced in a conductor when charges move through it, such as in resistors and wires.
t. e. In the context of network theory, a complex network is a graph (network) with non-trivial topological features—features that do not occur in simple networks such as lattices or random graphs but often occur in networks representing real systems. The study of complex networks is a young and active area of scientific research [1][2 ...
Network motifs are recurrent and statistically significant subgraphs or patterns of a larger graph.All networks, including biological networks, social networks, technological networks (e.g., computer networks and electrical circuits) and more, can be represented as graphs, which include a wide variety of subgraphs.
Network society. Network society is an expression coined in 1991 related to the social, political, economic and cultural changes caused by the spread of networked, digital information and communications technologies. The intellectual origins of the idea can be traced back to the work of early social theorists such as Georg Simmel who analyzed ...
Network congestion in data networking and queueing theory is the reduced quality of service that occurs when a network node or link is carrying more data than it can handle. Typical effects include queueing delay, packet loss or the blocking of new connections. A consequence of congestion is that an incremental increase in offered load leads ...