Listen "Sharing Economy"
Episode Synopsis
The sharing economy (gig economy) refers to the growing marketplace of economic agreements between two parties, usually enabled by a digital platform, allowing the use of a product, service, or activities without complete ownership.The collaborative nature of the online environment has led to the rise of the sharing economy. Technology helped with unlocking idle capacity and provide access to products through renting or borrowing. The costs and complexity of matching supply and demand have been reduced significantly since the introduction of the Internet. Through smartphones and global positioning systems (GPS), people can easily search for leasable rooms or use car-sharing models.
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