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HomeHomework HelpeconomicsDigital Platforms Disruption

Digital Platforms Disruption

The role of digital platforms in economic disruption refers to the transformative impact that online services and applications have on traditional business models and economic systems, facilitating new forms of commerce, communication, and consumer behavior that can lead to significant changes in market dynamics and industry structures. These platforms often leverage technology to enhance efficiency, accessibility, and connectivity, thereby challenging established enterprises and creating opportunities for innovation and competition.

intermediate
3 hours
Economics
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Overview

Digital platforms have transformed the economic landscape by connecting users and facilitating transactions in innovative ways. They disrupt traditional business models, leading to new opportunities and challenges for both consumers and businesses. Understanding the dynamics of digital platforms is ...

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Key Terms

Platform Economy
An economic system where digital platforms facilitate transactions between users.

Example: Amazon and eBay are examples of the platform economy.

Disruption
A process where a new product or service displaces established market leaders.

Example: Netflix disrupted traditional video rental stores.

Network Effects
The phenomenon where a product or service becomes more valuable as more people use it.

Example: Social media platforms like Facebook become more useful as more friends join.

Gig Economy
A labor market characterized by short-term contracts and freelance work.

Example: Uber drivers work on a gig basis.

E-commerce
Buying and selling goods or services over the internet.

Example: Shopping on websites like Amazon.

Freemium Model
A business model offering basic services for free while charging for premium features.

Example: Spotify offers free music streaming with ads.

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Key Concepts

platform economydisruptionnetwork effectsgig economy