Sharing economy

Sharing economy is business arrangements that are based on people sharing something they own or providing a service for a fee.

Definition

According to Management by Robbins and Coulter (14th edition),

Sharing economy. Business arrangements that are based on people sharing something they own or providing a service for a fee.

According to Marketing Management by Keller and Kotler (15th edition),

Sharing economy. When consumers share bikes, cars, clothes, couches, apartments, tools, and skills and extract more value from what they already own.