sharing economy


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

Airlines and hotels have had points, miles, and loyalty and rewards programs for decades, and sharing economy companies, like Uber and Lyft, are finally joining the game. Meredith Carey, Condé Nast Traveler, "Airbnb’s ‘Superguest’ Program: The Benefits We Want to See," 18 Dec. 2018 Renting out an extra room to tourists through Airbnb is like dipping your toes into the scary waters of the sharing economy; buying a home that’s specifically designed to be split up and commodified is more akin to diving in headfirst. Gaby Del Valle, Vox, "Airbnb will start designing — and selling — homes," 30 Nov. 2018 Increasing eligibility would give more ordinary Americans who participate in the sharing economy the potential to benefit when a private company goes public, Airbnb said. Aisha Al-muslim And Maureen Farrell, WSJ, "Airbnb Proposes Giving Hosts a Stake in the Company," 21 Sep. 2018 Teslas are also seeing high demand in the sharing economy. Rani Molla, Recode, "Elon Musk’s summer of bad behavior hasn’t affected Tesla’s sales, but it has hurt its reputation," 10 Oct. 2018 Airbnb isn't the only sharing economy giant taking a stand. Meredith Carey, Condé Nast Traveler, "Airbnb Threatens to Ban 'Unite the Right' Rally Attendees," 10 Aug. 2018 This this isn’t the automaker’s first foray into the auto sharing economy. Brittany Shoot, Fortune, "Toyota Launches a Car-Sharing Subscription Service for Hawaii," 11 July 2018 Levels of trust for sharing economy services also fell, slipping three percentage points to 62 percent. Christopher Elliott, USA TODAY, "Are travelers cooling to the sharing economy?," 17 June 2018 By 2014, with the sharing economy growing, Cloud looked around. Caitlin Mccabe,, "Collingswood begins shutting down Airbnbs, as cities and towns worldwide struggle to regulate it," 27 June 2018

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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incapable of being surmounted or overcome

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