sharing economy

noun

Definition of sharing economy

  1. :  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

2007

First Known Use of sharing economy

2007


Seen and Heard

What made you want to look up sharing economy? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a trip made at another's expense

Get Word of the Day daily email!