The Rise of the Sharing EconomySubmitted by Barracuda_Trader on Sun, 11/10/2013 - 19:01
The Rise of the Sharing Economy
The “sharing economy” describes a type of business built on the sharing of resources – allowing customers to access goods when needed. Think AirBnb or Zipcar. While sharing goods has always been a common practice among friends, family and neighbors, in recent years, the concept of sharing has moved from a community practice into a profitable business model. This increasing legitimacy is reflected in the more polished terms used to describe the phenomenon like peer-to-peer (P2P) networks, collaborative consumption or the access economy.