platforms and ecosystems

Platforms and ecosystems refer to interconnected systems that enable various participants to collaborate and create value. A **platform** typically serves as a foundation, like a digital marketplace (e.g., Amazon), where users, developers, and businesses interact. An **ecosystem** expands on this idea, encompassing a broader network of partners and resources that support the platform, including suppliers, users, and complementary services. Together, they foster innovation, facilitate exchanges, and enhance experiences, enabling businesses and consumers to thrive in a dynamic environment. Examples include app stores, social media networks, and technology frameworks that connect diverse users and services seamlessly.