SHARING ECONOMY Definition & Meaning

sharing economy

a system in which people rent, borrow, or share commodities, services, and resources owned by individuals, usually with the aid of online technology, in an effort to save money, cut costs, and reduce waste.

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First recorded in 2005–10

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Examples have not been reviewed.

"One lesson learned for any sharing economy business is that you have to ask yourself: how could this system be broken?" says Mr Hibbert.

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Launched in 2007, Airbnb gained prominence as a darling of the nascent sharing economy.

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This article is adapted from Oversharing, a newsletter about the sharing economy.

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Swimming pools are now part of the sharing economy.

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At the time, Silicon Valley was abuzz with talk of the sharing economy.

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