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