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 The deal may help bail out the car trading platform, which ran into financing troubles amid the unraveling of China’s once-booming sharing economy. Fortune, "From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000," 22 Oct. 2020 The deal may help bail out the car trading platform, which ran into financing troubles amid the unraveling of China’s once-booming sharing economy. Fortune, "From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000," 22 Oct. 2020 Highlight things like selling direct to consumers or using technology to tap into the sharing economy. Thasunda Brown Duckett, Essence, "How to Start Your Own Business," 17 Dec. 2020 The deal may help bail out the car trading platform, which ran into financing troubles amid the unraveling of China’s once-booming sharing economy. Fortune, "From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000," 22 Oct. 2020 DoorDash, another sharing economy company, made its IPO prospectus public last week. Sara Ashley O'brien, CNN, "Airbnb files to go public as the pandemic rages on," 16 Nov. 2020 Others too have noted the sharing economy’s enhancement of trust. Andrew Stuttaford, National Review, "The Capital Note: Destroying the Town to Save it — Lockdown Update," 12 Nov. 2020 The deal may help bail out the car trading platform, which ran into financing troubles amid the unraveling of China’s once-booming sharing economy. Fortune, "From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000," 22 Oct. 2020 The deal may help bail out the car trading platform, which ran into financing troubles amid the unraveling of China’s once-booming sharing economy. Fortune, "From billion-dollar valuation to bust: Chinese tech unicorn now may be worth just over $1,000," 22 Oct. 2020

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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Last Updated

1 Feb 2021

Cite this Entry

“Sharing economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sharing%20economy. Accessed 24 Feb. 2021.

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