Wikinomics is a term that describes the new economic model driven by collaboration and open-source principles. It emphasizes the power of mass collaboration, where individuals and organizations work together to create value, often through digital platforms. This approach leverages the collective intelligence of large groups, enabling innovation and efficiency. The concept is closely associated with the rise of the Internet and social media, which facilitate communication and cooperation among diverse participants. By harnessing the skills and knowledge of many, Wikinomics challenges traditional business practices and encourages a more inclusive and participatory economy.