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How do I create a shared library of components across different apps?

I’m planning to create a few apps that are likely to have many similar functions (e.g. login pages, settings pages, etc.) and similar UI as well.

Is it possible to create a shared library of components - elements, workflows, data types, etc. - across different apps?

So that I just need to update in one place, and the changes appear in all apps that use the shared component? Rather than have to update the same thing in every app.

Any help or recommended resource would be much appreciated! Thanks!