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Platform Code is a concept that involves writing declarative instructions about the platform layer into code and executing it. It is often referred to as Infrastructure as Code (IaC) or Platform as Code (PaC) and is a way of provisioning and managing elements in an application stack. It enables better quality and organizational execution environments, making it easier for developers to manage and maintain their applications. Additionally, Platform Code can be used as a part of low-code development platforms, which are drag and drop modules that require no scripting. The cost of low-code platforms can range from $5 to $1,000 per month and provide unlimited app development. IaaS is a type of cloud service that offers essential compute, storage, and networking resources on demand, while PaC considers writing code for platform layers such as OS and other tools.