Answered: What is the sharing economy phenomenon?…

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

Related questions

Question

What is the sharing economy phenomenon? Give a thorough explanation!

Expert Solution

Step 1

It is economic system define peer to peer base

It also incluse buissness to buissness intraction in this system avalability asses of sharing goods or services insure individuals under p2p ( pair to pair)while buissness under B2 to B join together share their property ans service

A sharing economy are often represented as Associate in Nursing economic model within which merchandise and resources ar shared by people and teams in a very cooperative approach specified physical assets become services. The sharing economy’s growth has been expedited through advances in huge knowledge and on-line platforms.The sharing economy is one among the foremost chop-chop growing market phenomena in history. Since 2010, investors have contributed over $23 billion in risk capital funding to start-ups that ar employing a share-based business model. As several of the share-based corporations ar non-public, it's troublesome to understand the precise size of the sharing economy.