The sharing economy, also known as the access economy or gig economy, is a socio-economic system that allows individuals to share and access goods, services, and talent through digital platforms. This concept, which originated in 1978 and grew significantly during the Great Recession, involves peer-to-peer or business-to-peer transactions. Some participants focus on profit, while others aim to achieve social or ecological goals. Companies like Uber and Airbnb are notable players in this space. The sharing economy has significant commercial implications, with global spending projected to reach $335 billion by 2025. However, its definition and usage remain ambiguous, with ongoing debates over the appropriate terminology.
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
It can be facilitated by nonprofit organizations, usually based on the concept of book-lending libraries, in which goods and services are provided for free (or sometimes for a modest subscription) or by commercial entities, in which a company provides a service to customers for profit.
It relies on the will of the users to share and the overcoming of stranger danger.
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