The Platform Economy

The platform economy refers to a system where digital platforms, like Uber, Airbnb, or Etsy, connect providers—such as drivers, homeowners, or artisans—with consumers seeking their services or products. These platforms act as intermediaries, facilitating transactions, managing payments, and sometimes providing additional support, enabling efficient exchanges without owning the actual goods or services. This model creates new opportunities for entrepreneurs and consumers, promotes gig work, and often offers greater convenience and choice. Overall, the platform economy transforms traditional markets by leveraging technology to create interconnected, accessible, and scalable marketplaces.