The sharing economy is a model of exchange in which goods and services are shared between people over the internet, enabling access instead of ownership.
The sharing economy, also known as the shareconomy, is all about sharing assets and resources rather than owning them. It's a shift away from traditional economic models, where ownership is key, and instead focuses on access to goods and services through collaboration and coordination over the internet.
Perhaps the most well-known example of the sharing economy is Airbnb, where people from all over the world can rent out their apartments and rooms. But there are countless other examples of sharing economy platforms, from ride-sharing services like Uber and Lyft, to coworking spaces like WeWork.
The concept of the sharing economy has been around for a while, but it really took off in the mid-1990s with the launch of eBay. Since then, advances in technology have made it even easier to share and exchange goods and services, leading to the growth of the sharing economy as we know it today.
The sharing economy is also known by other names, such as collaborative economy, peer-to-peer economy, and relationship economy. And it's not just for individuals - corporations are also getting in on the action, recognizing the importance of building relationships and fostering community in their business practices.