Prospects for the Sharing Economy


Definition of the Sharing Economy

The sharing economy is a concept where individuals or businesses share access to goods, services, or resources, often facilitated through digital platforms or apps.

Example of sharing economy in reality:

1 .Uber and Lyft (Ridesharing): Uber and Lyft are popular ridesharing platforms that allow individuals to offer rides to others in their own vehicles. Passengers can request rides through mobile apps, and drivers can earn money by providing transportation services. This sharing economy model has disrupted the traditional taxi industry and provided a flexible income opportunity for many individuals.

2.Airbnb (Short-Term Rentals): Airbnb is a platform that enables people to rent out their homes, apartments, or spare rooms to travelers looking for short-term accommodation. Hosts can list their properties, set prices, and connect with guests through the Airbnb website or app. This model has expanded lodging options for travelers and allowed homeowners to monetize their properties.

3. TaskRabbit (Task Outsourcing): TaskRabbit is a platform that connects people who need help with various tasks (e.g., cleaning, furniture assembly, handyman services) with individuals who are willing to perform those tasks for a fee. Taskers, as they are called, can browse and accept job requests from clients through the TaskRabbit app. This sharing economy service provides a way for people to find assistance for everyday tasks and allows taskers to earn income by offering their skills and services.

These examples showcase how the sharing economy leverages technology and peer-to-peer interactions to create new economic opportunities and enhance the efficient use of resources.

Reference list:

Penn, J., & Wihbey, J. (2016, June 3). Uber, Airbnb and consequences of the sharing economy: Research roundup. The Journalist’s Resource.

Silver, J. (2013, August 3). The sharing economy: a whole new way of living. The Observer.