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

Pezeshkian turned to Araghchi to help deliver his promise of sanctions relief for the ailing economy.

From The Wall Street Journal • Mar. 23, 2026

Most of the European Union's 27 nations back the Mercosur trade deal, which supporters argue is crucial to boost exports, help the continent's ailing economy and foster diplomatic ties at a time of global uncertainty.

From Barron's • Jan. 13, 2026

But under his watch, Ghanaians also experienced an ailing economy and widespread power cuts.

From BBC • Nov. 19, 2024

The government has defended these measures, insisting they are necessary to stabilise the ailing economy.

From BBC • Oct. 18, 2024

Its ailing economy will continue to be a drag on European economic and monetary union.

From The 1994 CIA World Factbook by United States. Central Intelligence Agency