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 second theme is around the sharing economy and nomadic living. Jane Thier, Fortune, 6 May 2024 Fortune Bird’s bankruptcy The rapid rise and even speedier fall of e-scooter startup Bird shows the strains on the sharing economy, the onetime Silicon Valley fad. Alan Murray, Fortune, 26 Jan. 2024 Outside of the enterprise tech space, fintech, sharing economy companies, and e-commerce platforms remain top drivers in many portfolios. Truebridge Capital, Forbes, 5 May 2023 Arguably, Airbnb entered 2023 as the most successful platform borne out of the sharing economy boom that defined tech throughout the 2010s. Truebridge Capital, Forbes, 4 May 2023 The sharing economy could hold the solution. David Benoit, WSJ, 23 May 2022 Advocates for people with prior convictions say the growth of background check companies will lead to more people being barred from sharing economy. Katie Wedell, USA TODAY, 11 Dec. 2022 As an advisor, Rinne styles herself as a pathfinder within the digital economy, platform economy, and sharing economy. Dr. Ruth Gotian, Forbes, 24 Jan. 2023 Legislators had pitched the law as an embrace of the new sharing economy and a boon for Arizonans looking to make some extra money by renting out their spare bedrooms. Rosie Bradbury, WIRED, 7 Dec. 2022

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'sharing economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

2004, in the meaning defined above

Time Traveler
The first known use of sharing economy was in 2004

Dictionary Entries Near sharing economy

Cite this Entry

“Sharing economy.” Dictionary, Merriam-Webster, Accessed 21 May. 2024.

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