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Network Economics Glossary Definition (English)

Network Economics Expert Answers

Compatible components Defined

The following is in context to Network Economics, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.

"Two complementary components A and B are compatible when they can be combined to produce a composite good or service. For example, we say that a VHS video player is compatible with a VHS tape. Two substitute components A1 and A2 are compatible when each of them can be combined with a complementary good B to produce a composite good or service. For example, two VHS tapes are compatible. Similarly, we say that two VHS video players are compatible."


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Additional Compatible components Definition Starting Points

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Expert Dictionary: Compatible components

Dictionary: Compatible components

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Topical Terminology:Compatible components


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