platform markets

Platform markets are economic environments where a central platform connects two or more distinct groups that benefit from interacting, such as buyers and sellers. The platform provides the infrastructure, rules, and tools that facilitate these interactions, often earning revenue through transaction fees or subscriptions. Examples include online marketplaces like Amazon, ride-sharing services like Uber, and app stores. These markets create value by expanding access and efficiency for both sides, enabling exchanges that might be less practical without the platform's intermediary. Overall, platform markets enable different groups to connect and transact more easily, fostering innovation and competition.