sharing economy
The sharing economy is a system where individuals share access to goods and services, often facilitated by online platforms. This model allows people to rent or borrow items, such as cars or tools, instead of owning them outright. Examples include services like Airbnb for lodging and Uber for transportation.
This approach promotes resource efficiency and can reduce costs for consumers. By leveraging underutilized assets, the sharing economy encourages collaboration and community engagement. It also raises questions about regulation and the impact on traditional businesses, as more people turn to shared services for their needs.