peer-to-peer economy

The peer-to-peer economy is a model where individuals directly exchange goods or services with one another, often facilitated by digital platforms. Instead of traditional businesses acting as middlemen, people share, rent, or sell their resources—like cars, housing, or skills—through online marketplaces. This approach leverages community trust and technology to reduce costs, increase accessibility, and promote resource efficiency. Examples include ride-sharing services like Uber, home-sharing platforms like Airbnb, and peer-to-peer lending. Overall, it democratizes economic activity by empowering individuals to participate actively in the marketplace.