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What is the Sharing Economy?

The Sharing Economy is a socio-economic system built around the sharing of human and physical resources such as property, knowledge, cars, skills, food, jobs, goods and time. The Sharing Economy is a system where we care for people and planet by sharing available resources. The term ‘Sharing Economy’ emerged from the 2008 global crisis and the need to do more with less, becoming associated with peer-to-peer online marketplaces such as Airbnb. In reality, the Sharing Economy is broader including tangible and intangible assets (homes, goods, food, transport, skills and time) shared through different models (borrow, exchange, rent, repair, recycled, collaborate) and within different structures (cooperatives, crowdfunding, social enterprise, volunteering, micro finance, fair trade), creating impact beyond the initial activity (poverty reduction, social mobility, environmental protection, community cohesion, sustainability).

 

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References:

Generation Share published by Policy Press, 2019 https://policy.bristoluniversitypress.co.uk/generation-share

Benita Matofska https://www.benitamatofska.com/what-is-the-sharing-economy

Wikipedia https://en.wikipedia.org/wiki/Sharing_economy