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. Networking

    Networking is a process that fosters the exchange of information ...
  2. Distribution Network

    A distribution network is a company's interconnected group of ...
  3. Network Marketing

    Network marketing is a business model that depends upon a network ...
  4. Social Networking

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

    Third parties that provide a link between a publisher and a company ...
  6. Banknet

    A global network operated by MasterCard that facilitates the ...
Related Articles
  1. Financial Advisor

    Networking For Financial Professionals: Maintaining A Strong Industry Presence

    Find out the most productive methods of networking best suited to ambitious financial professionals.
  2. Small Business

    Small Business Owners: Take Advantage of Networking

    What do we really get out of going to networking events? A lot, actually—if you follow up.
  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. Insights

    AT&T’s Disruptive White Box Trial Succeeds

    AT&T succeeds in transferring data traffic using low-cost computer switches and software.
  5. Personal Finance

    Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.
  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. Personal Finance

    4 Career Networking Tips That Work

    Find out the who, the how and the why of using networking to move up in your career.
  8. Personal Finance

    Networking To Land A Job

    Networking should be a career-long endeavor that is just as important as performing your job in an excellent manner.
  9. Financial Advisor

    Preparing Finances For Deployment: A Guide For Service Members

    Those who follow the instruction in this article can look forward to a homecoming of financial prosperity.
  10. 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.
RELATED FAQS
  1. When and why did the euro make its debut as a currency?

    On January 1, 1999, the European Union introduced its new currency, the euro. Read Answer >>
  2. What are the main benchmarks that track the telecommunications sector?

    Learn more about the changing dynamics of the telecommunications industry and how older legacy benchmarks may no longer be ... Read Answer >>
  3. How do I attract high net worth individuals (HNWI) as clients at my financial advisor ...

    Learn who high net worth individuals are and what you can do to attract and retain them in your financial advisory practice. Read Answer >>
  4. Is it possible for a country to have a comparative advantage in everything?

    Learn whether one country can have a comparative advantage in everything and what the difference between comparative advantage ... Read Answer >>
  5. Who bears the investment risk in 401(k) plans?

    Who actually bears the investment risk in a pension plan depends on the type of pension plan that is employed. In a broad ... Read Answer >>
  6. How does LinkedIn (LNKD) make money?

    Selling advertising, premium subscriptions and recruiting tools boosts revenue for the publicly owned job listing and professional ... Read Answer >>
Hot Definitions
  1. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  2. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  3. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  4. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  5. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  6. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
Trading Center