The Platform Economy (document)

The platform economy refers to a system where digital platforms connect users and service providers, facilitating transactions and interactions. Examples include ride-sharing apps like Uber, e-commerce sites like Amazon, and social media platforms like Facebook. These platforms leverage technology to create a marketplace that enables individuals and businesses to offer services, sell products, or share information more efficiently. This model fosters innovation, increases competition, and can lower costs, but also raises questions about labor rights, data privacy, and market fairness. Overall, it transforms how we work, shop, and communicate in today’s digital world.