Network Effects:This deals with the connections that people have with one another. The more connections someone has the better the spread of knowledge that can happen. When connections are made with other people you pick up their connections to. So if you told someone one thing he could tell the people that he new that you didnt and you reach even more people. The network effect grows very fast and is very effective in spreading knowledge to many people. Facebook ,myspace and many other social networks are great examples of the network effect. Businesses love to use social networks to increase their advertisement potential. Network Effects is a great way to meet people and a great way to do business, The more people you know the better off you are.