Sharing Economy

Abbreviation:  

As the tendency of people to experience instead of owning increases, new economies have started to emerge. Sharing economy as an economic system in which assets and services are shared between private individuals. It’s the scenario where people create income by sharing products and services they own but don’t need with others. One of the best examples of the sharing economy is room renting via Airbnb. Another example is Blablacar, where the empty seat in your car can be rented to someone in need. This creates a win-win situation for both parties.

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