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

But in a world where advanced economies are potentially "closing up," while China continues to provide cut-throat competition on manufacturing costs, can any of these emerging economies use the same path Beijing did?

From Barron's • Jun. 26, 2026

The measurements came from sites in the Netherlands, Lithuania, and Brazil, giving researchers data from different climates, hemispheres, and economic regions, including both developed and emerging economies.

From Science Daily • May 13, 2026

Mulling the evolution of global trade, Lula criticised moves away from free trade towards protectionism by some powers, without mentioning any by name, just as emerging economies seek to carve out their own role.

From Barron's • Apr. 21, 2026

Arend Kapteyn, global head of economics and strategy research at UBS, said the bank tracks inflation across roughly 45 major advanced and emerging economies, representing more than 85% of global GDP.

From MarketWatch • Apr. 14, 2026

True, economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes.

From After the Rain : how the West lost the East by Vaknin, Samuel