sharing economy

noun

Definition of sharing economy

: economic activity that involves individuals buying or selling usually temporary access to goods or services especially as arranged through an online company or organization Arguably the biggest sector of the sharing economy is travel. People are renting their beds to out-of-towners (Airbnb and Couchsurfer), leading them on guided tours (Vayable and CanaryHop) and hosting meals (Voulez Vous Diner and EatWith), sometimes for free but on most sites for a price—though one far below those found at local hotels.— Eliana Dockterman

Examples of sharing economy in a Sentence

Recent Examples on the Web While other sharing economy companies like Uber and Airbnb have made a habit of defying regulations, many e-scooter startups are actively working with European municipalities to define new legal frameworks. Wired, "Paris Ends an E-Scooter Melee With New Rules of the Road," 8 Nov. 2019 An earlier version of this post appeared in Oversharing, Alison Griswold’s newsletter about the sharing economy. Alison Griswold, Quartz, "California is about to rewrite the rules of the gig economy," 7 Sep. 2019 These losses reflect the giant wealth transfer at the heart of the sharing economy. Alison Griswold, Quartz, "The sharing economy is a massive transfer of wealth from rich investors to rich consumers," 21 Aug. 2019 An earlier version of this post appeared in Oversharing, Alison Griswold’s newsletter about the sharing economy. Alison Griswold, Quartz, "California is about to rewrite the rules of the gig economy," 7 Sep. 2019 An earlier version of this post appeared in Oversharing, Alison Griswold’s newsletter about the sharing economy. Alison Griswold, Quartz, "“Silicon Valley is not the Wild West”: Anthony Levandowski faces criminal charges for stealing trade secrets," 28 Aug. 2019 Reuters/Jason Lee China’s sharing economy has had a bumpy ride in the last two years, led by the fading of a handful of bike-sharing startups such as once high-flying Ofo. Jane Li, Quartz, "This may be the surest sign yet that China’s sharing economy is far from dead," 24 July 2019 Those young people ended up building many of the social media and sharing economy platforms that would transform the lives of people of all ages by the end of the first decade of the new millennium. Kate Eichhorn, WIRED, "Social Media Could Make It Impossible to Grow Up," 8 July 2019 In this circular economy, the inhabitants will reuse everything from furniture to children’s clothing and make use of sharing economy services—for instance lending, renting, or bartering goods through the internet or peer communities. Karen Gunn, National Geographic, "This island is going trash free—by recycling all of its waste," 22 Apr. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'sharing economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of sharing economy

2007, in the meaning defined above

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The first known use of sharing economy was in 2007

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Statistics for sharing economy

Last Updated

16 Nov 2019

Cite this Entry

“Sharing economy.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/sharing%20economy. Accessed 21 November 2019.

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