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

First Known Use of sharing economy

2007


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