Application Programming Interface (API) Economy is the marketplace that emerges when companies expose their digital services or functionalities through APIs, enabling startups to develop new technologies or services on top of existing platforms.

The API Economy happens when companies let others use their digital tools to make new stuff. It helps startups because they can build on existing technology without starting from scratch.

What is the foundation of the Application Programming Interface API economy? The API economy is built on companies sharing their digital tools through APIs, letting startups create new things on existing platforms.

What is the purpose or purposes for which the corporation is formed? The corporation is formed to pursue business opportunities, generate profits, and provide returns to its shareholders.

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The API economy helps businesses by making it simple to connect and use external services, leading to more innovation and growth while cutting development expenses.

In conclusion, the API Economy allows companies to share their digital tools through APIs, helping startups create new technologies and services on existing platforms, driving innovation and growth.