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Matthew Effect: Difference between revisions
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(Created page with "== Introduction == The Matthew Effect, a term coined by sociologist Robert K. Merton, refers to the phenomenon where "the rich get richer and the poor get poorer." This concept is widely applicable across various fields such as sociology, education, economics, and science. The term derives from the biblical verse in the Gospel of Matthew: "For to everyone who has, more will be given, and he will have an abundance. But from the one who has not, even what he has will...") |
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In the technology sector, the Matthew Effect can be observed in the success of dominant companies. Companies that achieve early success often have more resources to invest in innovation, marketing, and talent acquisition, leading to further success. This can create significant barriers for new entrants to the market. | In the technology sector, the Matthew Effect can be observed in the success of dominant companies. Companies that achieve early success often have more resources to invest in innovation, marketing, and talent acquisition, leading to further success. This can create significant barriers for new entrants to the market. | ||
[[Image:Detail-79651.jpg|thumb|center|A well-stocked library with rows of bookshelves filled with books.|class=only_on_mobile]] | |||
[[Image:Detail-79652.jpg|thumb|center|A well-stocked library with rows of bookshelves filled with books.|class=only_on_desktop]] | |||
== Implications and Criticisms == | == Implications and Criticisms == | ||