sharing economy

plural sharing economies

1. public policyeconomicsA system of economic exchange in which participants interact in a direct and cooperative manner, often with the aid of social media, to produce, market, and consume goods, services, and resources.

   In the sharing economy, safety issues, taxes and regulation have tended to be an afterthought.

   2014 April 21, David Streitfeld, “Companies Built on Sharing Balk When It Comes to Regulators”, in New York Times, retrieved 17 Jun 2014

   2 more examples

   The sharing economy reveals a return to behaviors such as bartering and to legal forms like co-operatives.

   2011, Lucy Bernholz, Philanthropy and Social Investing Blueprint 2012, →ISBN, pages 33–34

   Tight economic times and a growing openness to strangers thanks to the Internet have given rise to the "sharing economy." People are logging on to sites and apps to rent out their cars, houses and even their clothes directly to one another.

   2013 September 16, Eliana Dockterman, “The Rise of 'Sharecations'”, in Time, retrieved 17 Jun 2014

   Synonyms: collaborative economy, peer-to-peer economy, share economy