Let’s go way back to science class. Remember what an ecosystem is defined as? Yea, we didn’t either, so we did some research and it is defined as a biological community of interacting organisms and their physical environment. It’s also simplified by saying that it is just a complex network or interconnected system. Let’s go with this last one to describe what a product/service ecosystem is. I’m sure you’ve guessed already. It’s a new theory that describes how products coexist and complement one another. It also implies that products will inherently evolve over time, such as that in nature and parallels how species do the same.