DEFINITION of 'Economic Network'

A combination of individuals, groups or countries interacting to benefit the whole community. Economic networks use the various competitive advantages and resources of each member to increase the production and wealth of all the members. These economic networks could be static networks where members do not change, or dynamic ones in which the network is constantly changing as members are added or leave.

BREAKING DOWN 'Economic Network'

Mergers and acquisitions are based on the individual characteristics of each company as well the as synergies between the companies. Economic networks are also taken into account in M&As and are often treated as a resource that is difficult to reproduce. These networks can increase a company's ability to trade in a financially beneficial way. .

RELATED TERMS
  1. Value Network Analysis

    The analysis of the members and the interactions of these members ...
  2. Value Network

    A set of connections between organizations and/or individuals ...
  3. Networking

    A process that fosters the exchange of information and ideas ...
  4. Distribution Network

    An interrelated arrangement of people, storage facilities and ...
  5. Social Networking

    The use of internet-based social media programs to make connections ...
  6. Affiliate Network

    Third parties that provide a link between a publisher and a company ...
Related Articles
  1. Investing

    4 Networking Stocks that You Must Own (AKAM, CSCO)

    Understand how networking stocks fit into the technology sector. Learn about four leading networking companies that investors should own in 2015.
  2. Insurance

    Does an Insurance Plan Network Affect Your Health?

    So-called narrow networks have been criticized. But it's not necessarily true that they have a negative impact on the medical care you get.
  3. Investing

    WWE Network Proves to Be What's Best for Business

    World Wrestling Entertainment (NYSE: WWE) has established its over-the-top streaming network as a replacement for pay-per-view revenue. Even though network subscriber numbers move up and down ...
  4. Personal Finance

    Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.
  5. Insurance

    Trends Driving Managed Care M&A

    The uncertainty introduced by legislation has many managed care companies worried about potential financial losses. Companies are turning to M&A to offset their fears.
  6. Financial Advisor

    A Networking Cheat Sheet for Advisors

    Effective networking is essential for financial advisors looking to grow their practice. Here are some tips on how to make the process easier.
  7. Managing Wealth

    10 Tips for Strategic Networking

    Learn the rules of networking so you can operate like a pro. After all, maintaining a strong network is essential in today's job environment.
  8. Insights

    Is F5 Networks a Potential Acquisition Target? (FFIV, GS)

    There’s more upside left for shareholders, given the news of multiple suitors for F5 Networks.
  9. Insights

    Facebook Video Ads Expand to Audience Network (FB, GOOG)

    Facebook Video Ads are now available to brands on their Audience Network.
  10. Insights

    Why Did Berkshire Go For eVolution Networks? (BRK, DNOW)

    Warren Buffett makes an unusual but possibly lucrative addition to the Berkshire Hathaway portfolio
RELATED FAQS
  1. How did Jeff Weiner get the idea for LinkedIn?

    Read about who founded LinkedIn and what factors led its founder to develop the Internet's largest social network of professionals. Read Answer >>
  2. What are the long-term trends investors should consider before buying shares of a ...

    Read about the long-term trends facing the telecommunications industry and how investors can keep an eye on upcoming telecom ... Read Answer >>
  3. Where do you get real estate leads?

    Gather information and keep in touch through networking without bombarding clients or you may risk losing a client in a challenging ... Read Answer >>
  4. How does the foreign-exchange market trade 24 hours a day?

    The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex ... Read Answer >>
  5. How are members of the Cost Accounting Standards Board chosen?

    Read about the political appointments to the Cost Accounting Standards Board, which makes, promulgates and amends cost accounting ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center