sharing economy

American  

noun

1. a system in which people rent, borrow, or share commodities, services, and resources owned by individuals, usually with the aid of online technology, in an effort to save money, cut costs, and reduce waste.

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Etymology

Origin of sharing economy

First recorded in 2005–10

Example Sentences

It’s a quieter, more sustainable kind of sharing economy, one where empty spaces serve a specific emotional need, not just economic opportunity.

From Salon • Aug. 18, 2025

Launched in 2007, Airbnb gained prominence as a darling of the nascent sharing economy.

From BBC • Nov. 8, 2023

Swimming pools are now part of the sharing economy.

From Los Angeles Times • Jun. 28, 2023

At the time, Silicon Valley was abuzz with talk of the sharing economy.

From Slate • Apr. 24, 2023

Jargon appears out of nowhere, underexplained and overused: the internet of things, the sharing economy, the cloud.

From New York Times • Jul. 10, 2021