The Sharing Economy

The sharing economy refers to a system where individuals share access to goods and services, often facilitated by digital platforms. Instead of owning assets, people can rent or share them, which promotes resource efficiency and reduces costs. Examples include ride-sharing services like Uber, accommodation platforms like Airbnb, and peer-to-peer lending. This model fosters community connections, allows for flexible work opportunities, and encourages sustainability by maximizing the use of resources. Overall, the sharing economy redefines ownership and creates a more collaborative economic environment.