sharing economy

noun

1. a system in which people rent, borrow, or share commodities, services, and resources owned by individuals, usually with the aid of online technology, in an effort to save money, cut costs, and reduce waste.

Word History and Origins

Origin of sharing economy¹

First recorded in 2005–10

Example Sentences

The rapid rise of the sharing economy is changing the way people around the world commute, shop, vacation, and borrow.

From The Daily Beast

With its growing ubiquity, there is no denying the influence of the sharing economy this holiday.

From The Daily Beast

The transportation service—and others like it—epitomize what the sharing economy is all about.

From The Daily Beast

When it comes to tangible gifts, the sharing economy really starts to flex its holiday disrupting muscle.

From The Daily Beast

And self-regulation is an important concept when it comes to understanding the government-averse sharing economy.

From The Daily Beast