What is Sharing Economy ?

Sharing economy in its purest essence is not just a business model but also an economic principle that is continually evolving and thriving in the economy. It means to facilitate the exchange of goods and services between the parties by using means like technology.

The underlying principle is that these parties can mutually share value from an underutilized asset. The businesses which rely on the sharing economy model, do the same job. These businesses do not provide a product or service of their own but help to facilitate the transaction between buyers and sellers and charge a commission on that transaction.

 


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