Meaning of sharing economy | Babel Free

Definitions

A system of economic exchange in which participants interact in a direct and cooperative manner, often with the aid of social media, to produce, market, and consume goods, services, and resources.

Equivalents

Examples

“The sharing economy reveals a return⟳ to behaviors such as bartering and to legal forms like⟳ co-operatives.”

“Tight economic times and a growing openness to strangers thanks to the Internet have⟳ given rise⟳ to the "sharing economy." People are logging on to sites and apps to rent⟳ out their cars, houses and even their clothes directly to one another.”

“In the sharing economy, safety issues, taxes and regulation have⟳ tended to be an afterthought.”

CEFR level