What does the term "digital platform" encompass? 🔊
The term digital platform encompasses a broad range of online frameworks that facilitate the exchange of value between users, businesses, and services. These platforms, such as social media, e-commerce, and content-sharing sites, enable interactions and transactions between multiple stakeholders. Digital platforms often leverage network effects, where the value increases as more users join, creating a vibrant marketplace for goods, services, or information. They serve as a space for innovation and collaboration, driving technological advancements and reshaping various industries by connecting individuals and businesses more efficiently than traditional models.
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