How to benefit from the rise of sharing economy? │ Have you noticed the impact of the sharing economy?

Sharing economy

How to benefit from the rise of sharing economy?

Have you noticed the impact of the sharing economy?

sharing economy
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Click on the headlines or Image for complete blog by Suresh Bhasker

Sharing economy is an umbrella term with a range of meanings, often used to describe economic and social activity involving online transactions. Originally growing out of the open-source community to refer to peer-to-peer based sharing of access to goods and services, the term is now sometimes used in a broader sense to describe any sales transactions that are done via online market places, even ones that are business to business (B2B), rather than peer-to-peer. For this reason, the term sharing economy has been criticised as misleading, some arguing that even services that enable peer-to-peer exchange can be primarily profit-driven. However, many commentators assert that the term is still valid as a means of describing a generally more democratized marketplace, even when it’s applied to a broader spectrum of services.
Also known as shareconomy, collaborative consumption, collaborative economy or peer economy, a common academic definition of the term refers to a hybrid market model (in between owning and gift giving) of peer-to-peer exchange. Such transactions are often facilitated via community-based online services. Uberization is also an alternative name for the phenomenon………………………………………………………………………………………………..
Source : wikipedia 

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