Collaborative Consumption (theory)

Collaborative consumption is an economic model where individuals share or rent assets, services, or products rather than owning them outright. This approach leverages technology to connect people, making it easier to access things like cars, homes, or tools on a temporary basis. It maximizes resource use, reduces waste, and often lowers costs for users. Essentially, it shifts focus from individual ownership to shared access, fostering community, efficiency, and sustainability in consumption habits.