sharing economy

noun
|Updated on: 15 Jun 2018

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

Recent Examples of sharing economy from the Web

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.

First Known Use of sharing economy

2007

in the meaning defined above

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