A business ecosystem refers to a network of interconnected organizations, individuals, and resources that work together to create value. This includes companies, suppliers, customers, and even competitors who interact within a specific market or industry. Each participant plays a role in supporting the overall health and growth of the ecosystem, contributing to innovation and efficiency. In a business ecosystem, collaboration and competition coexist, driving progress and adaptation. For example, technology firms may partner with startups to develop new products while also competing for market share. This dynamic environment fosters creativity and can lead to new opportunities for all involved.