In a paragraph or two, explain how the Internet creates or enhances the network effect.

Verified Answer
The internet helps people to gather up as a community and use online resources through which it creates a network effect. Network effect is enhanced by the increase in the number of participants in a particular network.

For example, previously the email network was only limited to a particular organization or group of people which had a low network effect value. But, today as the number of participants has increased exponentially, it has enhanced the network effect among the people.

Another example is the social media platform which enables businesses to reach their customers through target advertising.