The Collaborative Economy refers to a system where individuals share resources, services, or goods, often facilitated by technology. This model allows people to access what they need without owning it, promoting sustainability and reducing waste. Examples include platforms like Airbnb for lodging and Uber for transportation, where users can rent or share their assets. This economy thrives on community engagement and trust, as participants rely on each other for services. It encourages peer-to-peer interactions and can lead to cost savings for consumers. Overall, the collaborative economy reshapes traditional business models by prioritizing access over ownership.