The network effect is great for businesses and organizations that depend on reaching large volumes of users, clients, or customers. Though many tangible things are listed as recipients of the benefits of network effects, there are also intangible ones as well. One example is causes or campaigns. The more people join the greater it benefits the cause or the campaign.

There is wisdom in the crowd because no one person possesses all the answers. The knowledge that we have today comes from knowledge that has been gathered for centuries and every generation builds and expounds upon it. We all take that wisdom and give it its our own interpretation. Like a puzzle we all take our pieces and put them together to form something greater and far more significant. Without everyone contributing their wisdom there exists no knowledge economy and their would be no significant progress in increasing wisdom and knowledge.

Knowledge economy is recognizing knowledge, information, know-how as economic assets. This is especially important when it comes to developed economies, which have moved away from the industrial to the service realm. This is especially true in the United States. In order for America to retain an economic edge in the world economy it must invest heavily in knowledge economy now that there is a small remnant of manufactures remaining.