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HomeHomework HelpeconomicsDigital Platforms Value

Digital Platforms Value

Digital Platforms and Economic Value' refer to online systems that facilitate the exchange of goods, services, or information, creating economic benefits by enhancing connectivity, efficiency, and market reach among users and providers. These platforms leverage data and technology to optimize interactions and generate revenue through various business models.

intermediate
3 hours
Economics
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Overview

Digital platforms have transformed the way we interact and conduct business in the modern economy. They connect users, facilitate transactions, and create significant economic value through various services. Understanding how these platforms operate, including concepts like network effects and data ...

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Key Terms

Digital Platform
An online system that connects users for various services.

Example: Amazon is a digital platform for e-commerce.

Network Effects
The phenomenon where increased numbers of users improve the value of a service.

Example: More users on Facebook make it more valuable.

Data Monetization
The process of turning data into revenue.

Example: Selling user data to advertisers.

User Engagement
The interaction between users and a platform.

Example: Likes and shares on social media.

Platform Economy
An economic system based on digital platforms.

Example: Uber operates in the platform economy.

E-commerce
Buying and selling goods online.

Example: Shopping on eBay.

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Key Concepts

network effectsdata monetizationplatform economyuser engagement