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On a multinational scale, and due to the heterogeneous telecommunication economy and infrastructure before the market penetration of the Internet, management of a value-added network service proved a complicated task leading to the idea of user-defined networks, [2] a concept preceding the nowadays ubiquitous availability of internet service.
In economics, Beckstrom's law is a model or theorem formulated by Rod Beckstrom.It purports to answer "the decades-old question of 'how valuable is a network'", and states in summary that "The value of a network equals the net value added to each user’s transactions conducted through that network, summed over all users."
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed to the supply-demand curve for specific units of sale. [ 1 ]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The network economy is the emerging economic order within the information society.The name stems from a key attribute - products and services are created and value is added through social networks operating on large or global scales.
A general definition that subsumes the other definitions is that a value network is a network of roles linked by interactions in which economic entities engage in both tangible and intangible exchanges to achieve economic or social good.
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[1] [2] Process capital can be seen as the value of processes to any entity, whether for profit or not-for profit, but is most commonly used in reference to for-profit entities. A process comprises a "series or network of value-added activities, performed by their relevant roles or collaborators, to purposefully achieve the common business goal ...