Network effect

When the value of a good to a consumer changes because the number of people using it changes. For instance, owning a phone becomes more valuable as more people are plugged into the telephone network. Network effects are sometimes called network EXTERNALITY, although this implies, often wrongly, that the benefits from being part of a…

Breaking Stereotypes

There is much more to Economics than just MA and MBA. What makes economics one of the most popular courses in Delhi university? Why is it gaining so much importance if the people who are pursuing it are still doubting what to do further or which field to switch to as it is not helping…